Rio Tinto

RIO

October 27, 2020 FAT-AUS-980
106.09
Core
medium

2Q20; iron ore to the fore

Rio Tinto has reported its operational results for the second quarter to 30 June, and despite what has been a challenging, COVID-19 driven global environment, we consider the overall result as reasonable Rio Tinto’s key operational segment in iron ore was the standout for the quarter, as was bauxite and mid-stream alumina. Copper and aluminium were again thorns for the quarter, on lower production numbers, with a majority of Rio Tinto’s minor product offerings also reporting softer outcomes. Pleasingly, guidance for 2020 remained unchanged across all of Rio Tinto’s product offerings. The following table is a synopsis, by commodity, of Rio Tinto’s operational results for the June quarter:

Source: Rio Tinto


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