Rio Tinto reports stable first-quarter production with a 2% drop in iron ore output, maintaining full-year guidance and focusing on energy-transition materials.

Rio Tinto reported stable first-quarter production, despite a 2% drop in iron ore output to 77.9 million tonnes due to planned ore depletion and weather disruptions. The company maintained its full-year guidance across all products and emphasized a focus on growth in energy-transition materials, including projects at Oyu Tolgoi, Matalco, and Simandou. Rio Tinto also joined BHP and BlueScope in exploring the development of Australia's first electric smelting furnace pilot.