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Rio Tinto Limited ( (AU:RIO) ) has shared an update.
On January 16, 2025, Rio Tinto released its fourth quarter production results for 2024, highlighting a successful year with record annual production at its Amrun and Gove bauxite operations and an increase in mined copper production by 13%. The company continued to advance key projects like the Oyu Tolgoi underground copper mine in Mongolia and the Simandou iron ore project in Guinea. Significant strides were made at the Rincon lithium project in Argentina, enhancing Rio Tinto’s capabilities in battery materials. The company aims for consistent growth, focusing on strategic expansions and technological advancements to meet the global demand for materials essential to energy transition.
More about Rio Tinto Limited
Rio Tinto Limited is a leading global mining group primarily involved in the extraction and production of minerals such as iron ore, bauxite, aluminum, copper, and titanium dioxide slag. The company focuses on delivering profitable growth and enhancing its position in energy transition commodities by expanding its operations in high-grade iron ore and battery materials.
YTD Price Performance: 2.26%
Average Trading Volume: 737
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $103.1B
For an in-depth examination of RIO stock, go to TipRanks’ Stock Analysis page.
