Rio Tinto Chair Says New CEO Advancing Strategy at Pace in Fast-Changing Environment -- Market Talk

Dow Jones05-06

0831 GMT - Rio Tinto's new CEO, Simon Trott, is working at pace to achieve the company's ambition "of becoming the most valued metals and mining business" in a fast-changing external environment, Chair Dominic Barton says in prepared remarks for a shareholder meeting. The current global environment "requires us to move at pace and with conviction," Barton says. Demand for minerals and metals is increasing, while bringing new supply to market remains challenging, he says. Barton highlights gains in Rio's share price over the past year. "To me this reflects not only favorable market conditions and rising demand for what we do, but also a growing belief in the way we are delivering," he says. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

May 06, 2026 04:31 ET (08:31 GMT)

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Demand for minerals and metals is increasing, while bringing new supply to market remains challenging, he says. Barton highlights gains in Rio's share price over the past year. \"To me this reflects not only favorable market conditions and rising demand for what we do, but also a growing belief in the way we are delivering,\" he says. 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The current global environment \"requires us to move at pace and with conviction,\" Barton says. Demand for minerals and metals is increasing, while bringing new supply to market remains challenging, he says. Barton highlights gains in Rio's share price over the past year. \"To me this reflects not only favorable market conditions and rising demand for what we do, but also a growing belief in the way we are delivering,\" he says. 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