Rio Tinto reports stronger-than-expected iron ore output, shares rise

REUTERS | Rio Tinto Ltd reported higher-than-expected iron ore production for the first quarter on Friday, boosting its shares, but cut its forecast for annual copper output citing disruptions due to the coronavirus.

The strong iron ore output comes despite a cyclone tearing through Rio Tinto’s Western Australian operations in February, which had prompted it to downgrade its outlook for shipments from the Pilbara region.

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