Rio Tinto reports steady H1 results
NewsRio Tinto reported a 14% increase in net profit to US$ 5.8 billion for the first half of 2024.
Ore to feed the Red Dragon
StandardDespite China’s economic slowdown, it has retained its appetite for bauxite to feed its alumina and aluminium needs.
China’s appetite for bauxite ore, refined alumina and aluminium products remains gargantuan. The People’s Republic accounted for 47% of world aluminium output in 2016, up from around a quarter a decade ago. The country’s top producer, China Hongqiao, is the world’s biggest maker of aluminium.
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