After dropping 7% in a month, can the Rio Tinto share price stage a comeback in May?

The Rio Tinto Limited (ASX: RIO) share price fell by 7% in April. What could happen in May 2022?

Well, at the time of writing, it’s down another 1% since the beginning of the month.

The company reported its 2022 first-quarter production numbers a couple of weeks ago. So, let’s look at what the company announced.

Rio Tinto’s first quarter

The ASX mining company revealed that Pilbara iron ore production was 71.7mt for the quarter. That represented a decline of 6% year on year and a 15% decline quarter on quarter.

Year on year, Rio Tinto’s bauxite production was flat at 13.6mt, aluminium production was down 8% to 736kt, mined copper was up 4% to 125kt, titanium dioxide slag production was down 2% to 273kt, and Iron Ore Canada (IOC) iron ore pellets and concentrate production was up 3% to 2.4mt.