US Stock Movement | Rio Tinto up 3%, Q2 copper equivalent production increased by 13% year-on-year
On Monday, Rio Tinto rose by 3%, closing at $62.41. In terms of news, Rio Tinto Group recently announced its production performance for the second quarter of 2025. The copper equivalent production in the second quarter increased by 13% year-on-year, and by 6% in the first half of the year, mainly due to the strong performance of the copper business and contributions from the acquisition of Arcadia Lithium. Rio Tinto Group expects copper production to reach a high level of its annual guidance, while unit costs are expected to approach lower levels. So far this year, Rio Tinto Group's mining operations have performed excellently, with record production in both the bauxite business and the Oyu Tolgoi copper mine. The Oyu Tolgoi copper mine is further increasing production and is expected to become the fourth largest copper mine in the world by 2030
According to Zhitong Finance APP, on Monday, Rio Tinto (RIO.US) rose by 3%, closing at $62.41. In terms of news, Rio Tinto Group recently announced its production performance for the second quarter of 2025. The copper equivalent production in the second quarter increased by 13% year-on-year, and by 6% year-on-year in the first half of the year, mainly due to the strong performance of the copper business and contributions from the acquisition of Akaridim Lithium. Rio Tinto Group expects copper production to reach a high level of the annual guidance target, while unit costs are expected to approach a lower level. So far this year, Rio Tinto Group's mining operations have performed excellently, with both bauxite and Oyu Tolgoi copper mine production hitting record highs. The Oyu Tolgoi copper mine is further increasing production and is expected to become the fourth largest copper mine in the world by 2030
