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Rio Tinto Considers Exiting Titanium Business Due to Poor Market Conditions
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Rio Tinto evaluates strategic options for its titanium business
Rio Tinto Ltd. is evaluating strategic options for its titanium business, including a potential sale, amid persistently weak global prices and falling returns. The review comes as incoming CEO Simon Trott prepares to take over next month, with expectations he will sharpen Rio’s focus on core assets such as iron ore, copper, lithium, and aluminum. …
Rio Tinto is not the first to exit the titanium market. DuPont, under pressure from investors, decided in 2013 to remove its titanium dioxide business from its portfolio.
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