Rio Tinto Turns to Copper, Aluminum, Other In-Demand Materials as Prices Climb
Industry Segment: Metals & Minerals | Word Count: 850 Words
Attachment: RioTinto1H21
SUGAR LAND July 29, 2021 Researched by Industrial Info Resources (Sugar Land, Texas) Rio Tinto plc (NYSE:RIO) (London, England) stunned market watchers this week when it reported a sharp turnaround in its financial and operational health for the first six months of 2021, with higher pricing for iron ore, aluminum and copper driving record first-half profits. In North America, the company is planning or at work on several projects to further develop these resources amid soaring demand. Industrial Info is tracking more than $26 billion worth of active projects from Rio Tinto worldwide, including more than $10.4 billion worth in the U.S. and Canada.
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