Rio Tinto's Top Line To Retain Momentum In 2022?

The shares of Rio Tinto (NYSE: RIO) continued to trend upward as commodity and energy prices surged during the latter half of 2021. Rio Tinto is a diversified mining group with iron ore, aluminum, and copper as key product offerings and a presence across the globe. In 2021, the company’s total iron ore and bauxite production was 276 million tonnes and 54 million tonnes, respectively. The WHO is actively exploring the criteria to end the pandemic as many countries have lifted restriction measures to spur macroeconomic growth. While the ripple effects of the Russia-Ukraine war are likely to affect global trade in the near term, Rio Tinto’s top line is expected to benefit from the upward commodity price cycle. Trefis highlights the historical trends in Rio Tinto’s revenues across key operating segments in an interactive dashboard analysis.

How did Rio Tinto perform in 2021?

In 2021, Rio Tinto reported strong 42%(y-o-y) growth in total revenues assisted by overall strength in iron & aluminum prices despite relatively flat production. Pent-up demand and supply chain hurdles due to the Russia-Ukraine war have supported commodity prices in recent months against the expectations of slow macroeconomic recovery perceived earlier. Per annual filings, iron ore, aluminum, copper, and other minerals account for 66%, 20%, 5%, and 9% of total revenues,