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    Analysis

    August 2, 2024

    CRU: Rio Tinto’s focus poised to change

    Written by CRU

    Long seen as being dominated by iron ore operations in Western Australia, diversified miner Rio Tinto is at an inflection point in its growth, according to CEO Jakob Stausholm, who referred to a step change from its aluminium business and consistent iron ore production at Pilbara.

    “We have considerable growth in cash flow from the ramp-up of the underground copper mine at Oyu Tolgoi, and more value to come as our Simandou [iron ore] investment and Rincon lithium project proceed at pace,” he said. They are respectively in Mongolia, Guinea and Argentina.

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    CRU offers unrivaled business intelligence on the global metals, mining, and fertilizer industries through market analysis, price assessments, consultancy, and events.

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