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.
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.
Production of LME deliverable KAS-branded aluminium at Kazakhstan’s Eurasian Resources Group has reached the four-million-tonnes milestone
