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(Reuters) -Rio Tinto's full-year underlying earnings came in-line with analysts expectations on Wednesday, as production gains in its iron ore business countered weaker prices in aluminium, and warned it still faced rising costs.
Average prices Rio Tinto received for aluminium sold slipped over 2023 from COVID-era peaks, as supply chains normalised and demand from Western markets weakened. This offset a boost from production growth across major commodities.
The world's largest iron ore produce...
>>> Read more: Rio Tinto meets annual profit expectations, sees higher costs in 2024
Average prices Rio Tinto received for aluminium sold slipped over 2023 from COVID-era peaks, as supply chains normalised and demand from Western markets weakened. This offset a boost from production growth across major commodities.
The world's largest iron ore produce...
>>> Read more: Rio Tinto meets annual profit expectations, sees higher costs in 2024
