Overview
- Rio Tinto shipped 91.3 million tonnes of iron ore from Pilbara in the fourth quarter, up 7% year over year and above the Visible Alpha consensus of 88.2 million tonnes.
- Record quarterly Pilbara output and stronger rail and port performance underpinned the result, with Pilbara production at 89.7 million tonnes, up 4% from a year earlier.
- Full-year 2025 Pilbara shipments reached 326.3 million tonnes, landing at the lower end of the company’s 323–338 million tonne guidance range.
- Consolidated mined copper rose 5% in the quarter to 240,000 tonnes, topping the 214,400-tonne Visible Alpha estimate.
- Reuters reported early takeover talks with Glencore, an unconfirmed development that could influence Rio Tinto’s plans to expand in copper.