SMM4 17: yesterday, Rio Tinto released first-quarter production data. In the first quarter of 2020, Rio Tinto produced a total of 133000 tonnes of copper, down 8 per cent from a year earlier and 4 per cent from a month earlier; bauxite production was 13.8 million tonnes, up 8 per cent from a year earlier, down 9 per cent from a month earlier; and aluminium production was 783000 tonnes, down 2 per cent from a year earlier and 4 per cent from a month earlier. Pilbara iron ore shipments totaled 72.9 million tons, up 5 per cent from a year earlier, down 16 per cent from the previous month, while Pilbara iron ore production totaled 77.8 million tonnes, up 2 per cent from a year earlier and down 7 per cent from the previous month.
In addition, Rio Tinto cut its 2020 copper production target to 47.5-520000 tons after Rio Tinto's furnace in the Kennecott mining area in the United States was damaged and annual production was affected by the earthquake.
"Rio Tinto: lower 2020 copper production target to 47.5-520000 tons
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