Rio Tinto sees iron ore shipments at low end of guidance, cuts copper target

Oct. 17, 2022 7:17 PM ETRio Tinto Group (RIO)By: Carl Surran, SA News Editor1 Comment

Iron Ore reclaimer machine and stockpile

Dazman/E+ via Getty Images

Rio Tinto (NYSE:RIO) reported Monday its Q3 iron ore production in the Pilbara region rose 1% Y/Y and 7% Q/Q to 84.3M metric tons, although shipments fell 1% Y/Y while increasing 4% Q/Q to 82.9M tons.

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