Rio Tinto cuts 2026 copper C1 net unit cost guidance to US 30-50 cents/lb
RIO•RIO•RIO•RIO•Pilbara iron ore sales outlook was maintained at 323-338 Mt; unit cash cost guidance was unchanged at US$23.5-25/wmt FOB.
Global iron ore sales guidance was unchanged at 343-366 Mt; Q2 global iron ore sales rose 5% year on year to 89 Mt.
Lithium carbonate equivalent production guidance was maintained at 61-64 kt; Q2 output rose 20% year on year to 15 kt.
Rio Tinto kept 2026 production and sales guidance unchanged; H1 copper equivalent output rose 3% year on year.
Copper output forecast held at 800-870 kt; C1 net unit cost guidance was cut to US$0.3-0.5/lb from US$0.65-0.75/lb.
