CITY OF MELBOURNE (dpa-AFX) - Rio Tinto (RIO, RIO.L) reported 9% year-over-year copper equivalent production growth across its portfolio for the first quarter. Global iron ore sales were up 2% from last year. The company reported second highest first quarter Pilbara production since 2018, up 13% from prior year. Rio Tinto said its 2026 production/sales guidance is unchanged. Also, 2026 unit cost guidance is unchanged.
With regard to Middle East conflict, the company noted that, to date, on the supply-side, the direct impacts on operations have been limited, while its commodity prices have responded favourably.
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