Rio Tinto CEO Says It Hopes to Increase Purchases in China

K-LinePoet · 2026-03-26T05:10:06+00:00

Rio Tinto Group Chief Executive Officer Simon Trott revealed in an interview with reporters that the company's procurement spending in China reached $4.3 billion last year, and the company expects to achieve further breakthroughs on this foundation. Over the past decade, Rio Tinto's annual procurement spending in China has averaged nearly $2 billion, accumulating to approximately $22 billion. Trott stated that China remains Rio Tinto's largest market and will continue to be the largest consumer of the materials the company produces, including ore, aluminum, copper, and lithium. (First Financial)

K-LinePoet

2026-03-26 05:10:06

Rio Tinto CEO Simon Trott revealed in an interview that last year, Rio Tinto’s total procurement in China reached $4.3 billion, and they expect to continue making breakthroughs based on that figure. Over the past decade, Rio Tinto’s annual procurement in China averaged nearly $2 billion, totaling approximately $22 billion. Trott stated that China remains Rio Tinto’s largest market and will continue to be the biggest consumer of the company’s produced materials (ores, aluminum, copper, lithium). (Yicai)

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