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Update: Rio Tinto Group Reports Lower Q2 Copper Production; Reaffirms 2026 Targets

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(Updates to add stock movement in the fourth paragraph)

Rio Tinto Group (ASX:RIO) reported a 7% year-over-year decline in the second-quarter consolidated copper production to 213,000 tonnes, while global iron ore production fell 1% to 87.1 million tonnes, according to a Wednesday Australian bourse filing.

The company said iron ore production at its Pilbara operations during the period remained flat year over year at 83.5 million tonnes, while Pilbara iron ore sales rose 7% to 85.3 million tonnes.

The company maintained its 2026 Pilbara iron ore sales guidance at 323 million to 338 million tonnes. It also reaffirmed its consolidated copper production guidance of 800,000 to 870,000 tonnes and global iron sales outlook of 343 million to 366 million tonnes.

The company's shares rose past 1% in recent Wednesday trade.

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