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.