Rio Tinto reports lowest profit in five years due to weak iron ore prices and reduced Chinese demand.

Rio Tinto, a major iron ore producer, reported its lowest first-half profit in five years due to weak iron ore prices and decreased demand from China. Despite higher copper earnings, the company's underlying profit was $4.8 billion, below expectations. Rio Tino's CEO highlighted resilient financial growth and operational improvements, including successful project deliveries, which contributed to strong cash flow and a maintained dividend payout.