RIO Rio Tinto Limited

1011 GMT - Rio Tinto is among the most mentioned companies across news items over the past 12 hours, according to Factiva data, after the metals and mining giant posted in-line third-quarter production figures. The world's second-biggest miner by market value reported a rise in quarterly aluminum and copper output compared with the same quarter a year prior, while it downgraded its full-year production forecast for its Canadian iron-ore operations due to plant setbacks and wildfires. "Overall, a very benign update with no major surprises either positive or negative," Bank of America analysts write in a research note. The Anglo-Australian miner kept its full-year expectation of iron-ore shipments in the upper half of its own 320 million to 335 million metric ton projection, albeit with a higher-than-anticipated quantity of low-grade ore. Dow Jones & Co. owns Factiva. (christian.moess@wsj.com)

(END) Dow Jones Newswires

October 17, 2023 06:26 ET (10:26 GMT)

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