Are there any recent announcements from Rio Tinto regarding the titanium unit sale?

Yes, there have been several recent announcements from Rio Tinto regarding the potential sale of its titanium unit. Here are the key points:

1. **Strategic Review**: Rio Tinto is evaluating the strategic fit of its titanium business amid weak global prices and falling returns. The company is considering a range of options, including a potential sale.
2. **CEO's Vision**: The decision to sell the titanium unit aligns with the vision of incoming CEO Simon Trott, who is expected to focus on streamlining Rio Tinto's core businesses such as iron ore, copper, lithium, and aluminum.
3. **Historical Performance**: The titanium unit's EBITDA declined by 24% in 2024, underscoring the sector's challenges. A sale would mark another chapter in Rio Tinto's disciplined approach to capital allocation, potentially enhancing shareholder value.
4. **Market Conditions**: The sale is driven by persistently weak global titanium prices, influenced significantly by China's dominance in the titanium dioxide market. This market dynamics could impact the sale process and potential bidders.
5. **Financial Results**: Rio Tinto's half-year results, scheduled for July 30, 2025, will provide further insights into the company's strategic direction and the potential sale of the titanium unit.

These announcements reflect Rio Tinto's proactive approach to navigating market challenges and optimizing its portfolio to focus on higher-margin, higher-growth areas.