Rio Tinto reported healthy H1 17 results, with support coming from all divisions, except for copper. Sales were up 25% yoy (and 5.7% hoh) to $19bn, with iron ore and coal being the biggest beneficiaries of the pricing euphoria. Similar to peers, profit improvements were stellar, with adjusted EBIT galloping 163% yoy (and 61% hoh) to $6.5bn – wherein pricing improvements along with continuation of cost optimisation clearly dwarfed the impact of weak volumes, high inflation and energy cos
