9,367.77 TRY BIST 100 BIST 100
34.56 USD USD USD
36.19 EUR EUR EUR
4.79 CNY CNY CNY
0.13 CNY CNY/EUR CNY/EUR
41.35 TRY Interest Interest
74.24 USD Fossil Oil Fossil Oil
30.90 USD Silver Silver
4.09 USD Copper Copper
100.80 USD Iron Ore Iron Ore
365.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,982.57 TRY Gold (gr) Gold (gr)

Rio Tinto; "The mining industry is at a turning point"

Rio Tinto, one of the world's largest iron ore producers, has declared a "tipping point" in the mining industry due to the increasing importance of raw material supply for energy conversion.

Rio Tinto; "The mining industry is at a turning point"

Rio Tinto noted that the growth of the electric vehicle market, the development of renewable energy and the reduction of carbon emissions require large amounts of raw materials for the production of batteries, solar panels and other technologies.

At the same time, Rio Tinto warned of a possible decrease in iron ore prices in the second half of this year due to a forced reduction in steel production and the risk of an oversupply in the iron ore market.

Jean-Sebastien Jacques, CEO of the company, highlighted Rio Tinto's commitment to supporting the energy transition and fostering relationships with the indigenous peoples and communities in which the company operates. He also noted that the joint management of land and water resources can lead to more sustainable results in socio-economic, cultural-historical and environmental terms. Believing its role in the energy transition is important, the Company said it is ready to continue working in this direction, paying attention to the environmental sustainability of its operations and the well-being of indigenous peoples and communities.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

South Korea's crude steel production decreased by 18.3% in October

Friday, November 22, 2024

SSAB and Saint-Gobain's slag reprocessing plant in Raahe progresses

Friday, November 22, 2024

US Steel Producer partners with Primetals Technologies for EAF Ultimate

Friday, November 22, 2024

Imported scrap prices on the decline, demand stagnant!

Friday, November 22, 2024

Roadmap for India’s steel sector: Demand, imports and future plans

Friday, November 22, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now