Rio Tinto Group

RIO's iron ore shipments rose 2% y/y in Q3'26, while copper output varied across key mines as the company maintained its annual production guidance.

Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) maintained its 2026 production and cost guidance after strong third-quarter performances from its Oyu Tolgoi copper operation and Pilbara iron ore business. Oyu Tolgoi copper production increased 27% year on year during the quarter and 29% over the first nine months, with the Mongolian operation running at an annualised rate of around 450,000 tonnes.

Rio Tinto posts 2% rise in third-quarter iron ore sales

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto Chief Executive Simon Trott said: “We delivered strong operational performance in the third quarter. Oyu Tolgoi copper production increased 29% year-to-date, with the operation running at a ~450 kt annualised rate in the quarter, and global iron ore sales are up 3% year-to-date. The Simandou iron ore mine hit an annualised production run-rate of ~10 Mtpa (100% basis) in the quarter as the project continues to ramp up. “We are finishing the year w.

UBS, the Swiss bank, expects BHP Group Ltd (LSE:BHP, ASX:BHP) and Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) to deliver stronger iron ore shipments in the September quarter, although weak Chinese demand is keeping prices under pressure. UBS analysts Myles Allsop, Lachlan Shaw and colleagues said iron ore prices had fallen to about $91 a tonne, with free-on-board prices at more than 10-year lows.