Rio Tinto expects stimulus measures in China will lead to a gradual economic recovery this year, particularly in the final six months.

The London-listed mining giant reiterated its Pilbara iron ore production estimates for 2024, which it said will be between 323m and 338m tonnes, compared with 331.8m tonnes in 2023.

It expects bauxite shipments to total 53m to 56m tonnes this year, which would be much in line with the 54.6m