By Peter Ker
Publication Date: 2026-04-21 01:15:00
Rio Tinto’s copper production beat market expectations in the first quarter as the global miner struggles to meet demand from the artificial intelligence boom that is underpinning the U.S. economy as war in the Middle East rattles global markets.
Rio produced 229,000 tonnes of copper in the March quarter, 6 percent above consensus estimates, and said production volumes rose across all metals as the impact of the war pushed up commodity prices more than fuel input costs.
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