Production down in June quarter, Rio Tinto says

Miner Rio Tinto has released figures showing markets remained tough in the June quarter, particularly in aluminium. Rio says after production cutbacks in response to a sharp fall in demand, bauxite production was down 14 per cent, alumina fell 6 per cent and aluminium was down 5 per cent, compared with the same time last year. It says trading in the aluminium business continued to experience difficult conditions and showed only a slight improvement on the first quarter of this year. The company's global iron ore production was up 8 per cent compared with the same time last year. Rio Tinto shares closed 2 per cent higher at $50.08. source:www.abc.net.au