Rio Tinto CEO Simon Trott reported strong third-quarter production, though the focus remains on safety following a tragic death at the SimFer mine. The company set back-to-back quarterly records in bauxite and at Oyu Tolgoi, where the copper underground ramp-up is on track to increase output by more than 50% this year.

Copper equivalent production grew by 9% in the third quarter year on year. Pilbara iron ore achieved its second-highest third-quarter shipments since 2019, and the Simandou project began loading first ore at the mine for transport along the rail to the port in October.

Rio Tinto upgraded its full-year bauxite guidance and is on track to meet other 2025 targets. To unlock shareholder value, the company established a new structure with three core businesses: Iron Ore, Aluminum & Lithium, and Copper.