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Home / Metal News / Rio Tinto: Pilbara Iron Ore Shipments Hit All-Time High in the First Quarter, Copper Output at 145,000 mt

Rio Tinto: Pilbara Iron Ore Shipments Hit All-Time High in the First Quarter, Copper Output at 145,000 mt

Apr 27, 2023 17:07

Source:SMM

Rio Tinto announced its production performance for the first quarter of 2023.

Pilbara iron ore production in the first quarter was 79.3 million mt (100% equity basis), an increase of 11% compared to the first quarter of 2022. The iron ore shipment volume of Pilbara was 82.5 million mt (100% equity basis), an increase of 16% compared with the same period in 2022, and set a new record for shipments in the first quarter. Mine production increased and inventory decreased.

Bauxite production was 12.1 million mt.

Rio Tinto Releases Output Results of Various Mineral Products in the First Quarter

Wacker Posted Record Sales in China in 2022 on Strong Demand and Successful Price Management Strategy

Copper output produced with copper concentrate stood at 145,000 mt (on a consolidated basis), and was flat from Q1 2022.

In 2023, the production guidance target of copper output produced wtih copper concentrate was lowered to 590,000-640,000 mt (down from 650,000-710,000 mt), mainly due to the impact of the interruption of the conveyor belt of the Kennecott Copper Mine and the geotechnical challenges faced by open pit Escondida Copper Mine.

Output

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China produced 110,000 mt of EMM in May, up 4% MoM and down 13.2% YoY, according to SMM statistics. The combined output in January-May totalled 261,000 mt, down 54% YoY. According to SMM research, the production of EMM increased slightly in May because there were one more natural day in May compared with April.

Jun 10, 2022 15:28

Analysis

China's EMM Output Increased Only Slightly in May to 110,000 mt

Exclusive: China's Metals Output in May

The overall domestic copper cathode output in May was at a low level due to the intensive maintenance. Although two smelters in Shandong resumed production in May, the production of copper did not resume.

Jun 10, 2022 19:30

Analysis

China's High-carbon Ferrochrome Output Rebounded in May and is Expected to Decline in June

SMM data showed that China's high-carbon ferrochrome output rebounded in May, with a MoM increase of 6.48% to 591,500 mt, a YoY increase of 113,000 mt or 23.62%. The output in Inner Mongolia was 290,100 mt, a MoM increase of 27,900 mt or 10.64%.

Jun 10, 2022 14:51

Analysis

China's High-carbon Ferrochrome Output Rebounded in May and is Expected to Decline in June

China Produced 54,750 mt of Ternary Cathode Precursor in May

China produced 54,750 mt of ternary cathode precursor in May, an increase of 4% month on month and 19% year on year.

Jun 9, 2022 16:51

Analysis

China Produced 54,750 mt of Ternary Cathode Precursor in May

China’s New Energy Vehicle Sales Look Set to Exceed 6 Million Units in 2022 under Policy Incentives

SHANGHAI, Jun 6 (SMM) - China has rolled out a series of favourable policies aimed at promoting the development of the new energy vehicle industry.

Jun 6, 2022 11:05

Industry

China’s New Energy Vehicle Sales Look Set to Exceed 6 Million Units in 2022 under Policy Incentives

The Average Aluminium Cost Remained around 18,000 yuan/mt

SHANGHAI, May 30 (SMM) - The average cost of aluminium smelters slid 34 yuan/mt from a week ago to 18,205 yuan/mt as of last Friday due to a slight drop in alumina prices.

May 30, 2022 09:32

Industry

The Average Aluminium Cost Remained around 18,000 yuan/mt

China’s Sales of New Energy Passenger Vehicles Plummeted 40% MoM in April, with Tesla Descending from the List of Top 15 Companies

SHANGHAI, May 23 (SMM) - China’s sales of new energy passenger vehicles were 254,000 units in April based on the compulsory traffic insurance, up 53% YoY, but down 40.6% MoM.

May 23, 2022 14:22

Industry SMM Insight

China’s Sales of New Energy Passenger Vehicles Plummeted 40% MoM in April, with Tesla Descending from the List of Top 15 Companies

Lead and Zinc Mines Experienced Production Disruptions and Losses in Q1, There Was a Wave of Intensive Maintenance among Primary Lead Smelters in May

SHANGHAI, May 18 (SMM) - Operating rates of mining companies have a certain seasonal pattern. Usually, production in the first quarter is limited by factors such as the Spring Festival holiday, cold weather, and environmental protection inspections.

May 18, 2022 17:01

Industry

Lead and Zinc Mines Experienced Production Disruptions and Losses in Q1, There Was a Wave of Intensive Maintenance among Primary Lead Smelters in May

Galaxy Securities Expects Retail Sales of New Energy Vehicles to Show Rapid Growth in May

SHANGHAI, May 18 (SMM) - Galaxy Securities said that with the easing of the pandemic and the resumption of normal operations in some areas, the retail sales of the passenger car market has improved to some extent.

May 18, 2022 10:26

Industry

Galaxy Securities Expects Retail Sales of New Energy Vehicles to Show Rapid Growth in May

The Demand for Aluminium Foil Varied by Product, Orders in May Are Relatively Optimistic

SHANGHAI, May 13 (SMM) - The average operating rate of Chinese aluminium foil producers stood at 76.64% in April, down 2.17 percentage points month on month and 11.65 percentage points year on year.

May 13, 2022 14:28

Industry

The Demand for Aluminium Foil Varied by Product, Orders in May Are Relatively Optimistic

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Rio Tinto: Pilbara Iron Ore Shipments Hit All-Time High in the First Quarter, Copper Output at 145,000 mt

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