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Revenue by destination and product (Tables) | 12 Months Ended
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Dec. 31, 2024
Revenue [abstract] |
Consolidated sales revenue by destination and non-current assets other than excluded items | Consolidated sales revenue by destination(a)
| 2024 % | 2023 % | 2022 % | 2024 US$m | 2023 US$m | 2022 US$m
Greater China | 57.4 | 59.6 | 54.3 | 30,814 | 32,193 | 30,172
US | 16.8 | 13.9 | 15.9 | 9,007 | 7,516 | 8,823
Asia (excluding Greater China and Japan) | 6.9 | 7.2 | 7.1 | 3,718 | 3,881 | 3,937
Japan | 6.5 | 6.9 | 7.4 | 3,470 | 3,727 | 4,091
Europe (excluding UK) | 4.8 | 5.3 | 6.5 | 2,580 | 2,859 | 3,618
Canada | 2.9 | 2.9 | 3.1 | 1,562 | 1,588 | 1,743
Australia | 2.0 | 1.7 | 1.9 | 1,076 | 923 | 1,047
UK | 0.3 | 0.1 | 0.3 | 143 | 81 | 182
Other countries | 2.4 | 2.4 | 3.5 | 1,288 | 1,273 | 1,941
Consolidated sales revenue | 100 | 100 | 100 | 53,658 | 54,041 | 55,554
(a)Consolidated sales revenue by geographical destination is based on the ultimate country of the product's destination, if known. Where the ultimate destination is not known, we have defaulted to the shipping address of the customer. Rio Tinto is domiciled in both the UK and Australia. The total of non-current assets other than excluded items is shown by location below(a).
| 2024 US$m | 2023 US$m
Australia | 29,177 | 31,419
Canada | 14,444 | 15,362
Mongolia | 15,244 | 14,172
US | 7,111 | 7,171
Africa | 5,597 | 3,412
South America | 3,704 | 3,624
Europe (excluding UK) | 216 | 165
UK | 109 | 132
Other countries | 1,739 | 1,254
Total non-current assets other than excluded items | 77,341 | 76,711
Non-current assets excluded from analysis above: |  |
Deferred tax assets | 4,016 | 3,624
Other financial assets | 1,090 | 481
Quasi-equity loans to equity accounted units(a) | 5 | 14
Receivables and other assets | 1,214 | 1,209
Total non-current assets per balance sheet | 83,666 | 82,039
(a)Allocation of non-current assets by country is based on the location of the business units holding the assets. It includes invest ments in equity accounted units totalling US$4,832 million (2023: US$4,393 million) which represents the Group’s share of net assets excluding quasi-equity loans shown separately above.
Consolidated sales revenue by product | We have sold the following products to external customers during the year:
| 2024 | 2023 | 2022
| Revenue from contracts with customers US$m | Other revenue(a) US$m | Consolidated sales revenue US$m | Revenue from contracts with customers US$m | Other revenue(a) US$m | Consolidated sales revenue US$m | Revenue from contracts with customers US$m | Other revenue(a) US$m | Consolidated sales revenue US$m
Iron ore | 31,334 | (530) | 30,804 | 33,383 | 389 | 33,772 | 33,068 | (267) | 32,801
Aluminium, alumina and bauxite | 12,947 | 48 | 12,995 | 12,039 | (63) | 11,976 | 13,955 | (165) | 13,790
Copper | 4,791 | (63) | 4,728 | 3,219 | (1) | 3,218 | 3,276 | (80) | 3,196
Industrial minerals (comprising titanium dioxide slag, borates and salt) | 2,678 | (3) | 2,675 | 2,806 | (8) | 2,798 | 2,685 | (16) | 2,669
Gold | 788 | 9 | 797 | 470 | 6 | 476 | 564 | 9 | 573
Diamonds | 279 | – | 279 | 444 | – | 444 | 816 | – | 816
Other products and freight services(b) | 1,385 | (5) | 1,380 | 1,360 | (3) | 1,357 | 1,710 | (1) | 1,709
Consolidated sales revenue | 54,202 | (544) | 53,658 | 53,721 | 320 | 54,041 | 56,074 | (520) | 55,554
(a)Consolidated sales revenue includes both revenue from contracts with customers, accounted for under IFRS 15 “Revenue from Contracts with Customers”, and subsequent movements in provisionally priced receivables, accounted for under IFRS 9, and included in “Other revenue” above. (b)“Other products and freight services” includes metallic co-products, molybdenum, silver and other commodities.

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