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stocksJul 14, 2026, 10:23 PM

Rio Tinto Q2: Pilbara Iron Ore Sales Beat Estimates, Maintains Guidance

Rio Tinto's Q2 Pilbara iron ore sales of 85.3 million tonnes exceeded the 83.13 million tonne estimate. The company maintained its full-year guidance and lowered its 2026 copper cost outlook.

RIO

Rio Tinto reported its Q2 operational results, with Pilbara iron ore sales reaching 85.3 million tonnes, above the estimated 83.13 million tonnes. Iron ore production was 83.5 million tonnes, while copper production came in at 213 kt.

The company maintained its full-year Pilbara ore shipment guidance of 323-338 million tonnes and total iron ore sales guidance of 343-366 million tonnes. Additionally, Rio Tinto lowered its 2026 copper C1 net unit cost guidance to US 30-50 cents per pound.

Regarding operational impacts, the company noted that Middle East impacts remain limited.

Source: First Squawk