Rio Tinto said it shipped 79.9M metric tons of iron ore from its Pilbara operations in Q2, down 1% Y/Y but up 13% from Q1, when four cyclones affected ports servicing the Pilbara mining hub.

The world’s second-biggest miner by market value said it continues to expect annual shipments from its Pilbara iron-ore operations to be at the lower end of its guidance.

Rio Tinto on Wednesday posted a lower-than-expected rise in iron ore shipments for the second quarter, but forecast fiscal 2025 copper production at the higher end of its guidance range. Iron ore shipments at Rio Tinto,