Rio continues to expect full-year shipments for Pilbara to be at the upper half of the guidance range of 320 to 335 million tonnes.

Apart from this, Bauxite production rose 2% Y/Y to 13.9 MT on the initial benefits of operations stabilization, particularly at Weipa on equipment reliability and performance improvement.

Also, aluminium production rose 9% Y/Y to 0.8 million tonnes as the company returned to full capacity at its Kitimat smelter and completed cell recovery efforts at its Boyne smelter. 

'We took real steps to build our portfolio of materials needed for the future, signing agreements that will see us take a leading position in recycled aluminium in North America and agreeing to enter a joint venture with Codelco to explore for copper in Chile. We also completed further infrastructure agreements with our partners for the world class Simandou iron ore project," commented Jakob Stausholm, CEO.

Price Action: RIO shares are trading lower by 1.28% at $63.32 premarket on the last check Tuesday.