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2026-07-15 06:38:12
[Rio Tinto's Q2 Production Report: Iron Ore Shipments Exceed Expectations, Copper Cost Guidance Lowered] 1. Mining giant Rio Tinto released its Q2 2026 production report, showing Pilbara iron ore production of 83.49 million tons and shipments of 85.3 million tons, exceeding analysts' expectations of 83.13 million tons. 2. In the copper business, Q2 copper production was 213,200 tons. The company also lowered its 2026 copper spot cash unit net cost guidance range to 30 to 50 cents per pound. 3. Regarding full-year guidance, Rio Tinto maintained its previously released production and sales targets, expecting total iron ore sales of 343 million to 366 million tons and Pilbara iron ore shipments of 323 million to 338 million tons.
