Rio Tinto takes $300 million tariffs hit

Published: Jul 25, 2025 10:29

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Rio Tinto’s aluminium division has incurred $300 million of costs as a result of President Trump’s tariffs. The UK-headquartered mining and aluminium company said it had taken the hit as a result of its primary aluminium exports from its operations in Canada. In its latest financial note it said it had been partially compensated by a rise in the US Midwest duty paid premium when tariffs were 25% in the first quarter of the year. However at the end of the second quarter, it was not fully compensated for the 50% tariff. In the report, it said its global aluminium output remained stable and had increased 2% from the first quarter of 2025 and 2% from the same period last year. Production rose at its Kitimat, Canada smelter despite its energy supply and production continuing to be impacted by lower reservoir levels.

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