B · Normal
[Rio Tinto’s iron ore production and sales rebounded steadily in the third quarter, and Simandou ramped up production] On October 14, Rio Tinto, one of the world’s four largest iron ore producers, released its production and sales report for the third quarter of 2026. The report shows that the company's overall operating performance in the third quarter was solid. The iron ore business has steadily recovered in production and sales supported by the continued productivity improvement measures in the Pilbara mining area. Global iron ore sales (100% basis) reached 90.77 million tons, a year-on-year increase of 2.7% and a month-on-month increase of 2.2%. In the first three quarters, a total of 255 million tons was added, a year-on-year increase of 3.4%. The Simandou project has significantly accelerated its production ramp-up, achieving an annualized production run rate of approximately 10 million tons/year (100% baseline) in the third quarter. The company maintains its goal of reaching an annual run rate of 60 million tons/year in the second half of 2028.
Futures Market Intelligence 🕐 2026-10-14 18:06

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