Rio Tinto Limited (AU:RIO) has released an update.
Rio Tinto Limited is showcasing its hydro-powered aluminium operations and the world’s largest critical minerals complex in Quebec, Canada, to financial experts, highlighting a strong outlook for aluminium demand and its strategies to enhance profitability by 2030. The company’s focus on operational excellence, technology, and recycled materials, coupled with access to the lucrative North American market, is expected to significantly boost EBITDA margins and Return on Capital Employed. Additionally, Rio Tinto is setting ambitious targets for its Iron & Titanium business, including a planned increase in high-grade iron ore production capacity.
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