16/07/2025  Rio Tinto misses estimates for iron ore output, copper forecast upbeat

Business


​Rio Tinto (RIO.AX), (RIO.L) on Wednesday posted a lower-than-expected rise in iron ore shipments for the second quarter, but forecast fiscal 2025 copper production at the higher end of its guidance range.

Iron ore shipments at Rio Tinto, the world's largest producer of the steel-making commodity, are recovering after a series of tropical cyclones snarled operations in the March quarter.
In the three months ended June 30, the miner shipped 79.9 million metric tonnes (Mt) of iron ore from its Pilbara operations, a 13% rise from the previous quarter but below a Visible Alpha consensus estimate of 81.98 Mt.



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