Rio Tinto’s H1 Earnings Preview: Subdued Commodity Prices To Negatively Impact Results
We expect Rio Tinto to report a deterioration in its first half earnings, scheduled for release on August 3. A decline in the prices of the major commodities produced by Rio Tinto, which reports earnings semi-annually, will adversely impact the company’s results. A global supply glut has led to a decline in iron ore prices whereas a slowdown in Chinese economic growth has negatively impacted copper and aluminum prices. In order to combat the downturn in commodity prices, Rio Tinto has been actively rationalizing costs over the past few years and intends to continue its efforts this year as well. The company’s cost reduction initiatives will partially offset the impact of lower commodity prices on its earnings.
Have more questions about Rio Tinto? See the links below.
- What Is Rio Tinto’s Revenue And EBITDA Breakdown?
- By What Percentage Did Rio Tinto’s Revenue & EBITDA Decline Over The Last 5 Years?
- By What Percentage Can Rio Tinto’s Revenue & EBITDA Change Over The Next 3 Years?
- How Has Rio Tinto’s Revenue Composition Changed Over The Last 5 Years?
- By What Percentage Has Rio Tinto’s Capital Expenditure Declined Over The Past 5 Years?
- To What Extent Would The Commencement Of Production At Simandou Boost Rio Tinto’s Iron Ore Shipments?
- To What Extent Would The Development Of The Underground Section Of The Oyu Tolgoi Mine Boost The Mine’s Overall Output?
- Is Rio Tinto Stock Attractive At $62
- Down 9% This Year, What’s Next For Rio Tinto Stock?
- After Tough 2022 Results, What’s Next For Rio Stock?
- Is Rio Tinto Stock Still Good Value Following The Recent Iron Ore Rally?
- With Iron Ore Prices Under Pressure, What’s Next For Rio Stock?
- With Iron Ore Prices Volatile, Is Rio Tinto Stock Worth A Look?
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