Industry News

Rio Tinto surprises with steady operations in 2024 after facing fire outbreak & energy crisis; technology and collaboration played a key role

Views : 92
Update time : 2025-01-17 16:59:15
Rio Tinto, a leading global mining group focused on finding, mining and processing the Earth's mineral resources, has wrapped up another year with impressive operation growth, as highlighted by its CY2024 results. From production volume to energy efficiency or safety measures, the company has demonstrated tangible improvements across all areas.
In the full year 2024, Rio Tinto's bauxite production summed up at 58.7 million tonnes, reflecting a 7.5 per cent year-on-year rise from 54.6 million tonnes in 2023, following an annual increase of 2 per cent in the final quarter (Q4) output to 15.4 million tonnes, attributed to the implementation of the Safe Production System, delivering record annual production at Amrun and Gove. The company's aluminium production also grew in 2024, amounting to 3.296 million tonnes. However, growth was only by 1 per cent, offset by back-to-back declines in Q3 and Q4 aluminium output. In Q3, Rio's aluminium production was down by 2 per cent Y-o-Y to 809,000 tonnes, and in Q4, the output was 1 per cent less, standing at 837,000 tonnes.
Related News
Read More >>
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Apr .25.2025
What Tariffs, Steel Prices Mean for E&S Construction Insurance in California
Nickel Price Update: Q1 2025 in Review Nickel Price Update: Q1 2025 in Review
Apr .25.2025
Nickel Price Update: Q1 2025 in Review
Higher steel prices benefiting Region steel mills Higher steel prices benefiting Region steel mills
Apr .25.2025
Higher steel prices benefiting Region steel mills
Vale's net profit drops 17% on lower iron ore prices Vale's net profit drops 17% on lower iron ore prices
Apr .25.2025
Vale's net profit drops 17% on lower iron ore prices