Rio Tinto said on October 14, 2025, that it needs a strong fourth‑quarter performance to meet its 2025 iron‑ore shipment guidance, after third‑quarter shipments from Western Australia totaled 84.3 million tonnes, just below the Visible Alpha consensus of 85.5 million tonnes. The miner kept full‑year shipments at the lower end of its 323–338 million‑tonne range, citing impacts earlier in the year from four cyclones. The company said Chinese demand improved as infrastructure stimulus supported steel output, pushing benchmark iron‑ore prices to their highest since February and helping China set a record for iron‑ore imports in September. Rio’s shares in Australia rose as much as 3.6% in early trade, with peers BHP and Fortescue up more than 2%. In copper, Rio reported record output at Oyu Tolgoi in Mongolia and remains on track to lift copper production by more than 50% this year. The miner also logged a second straight record quarter for bauxite and raised its 2025 bauxite production estimate to 59–61 million tonnes on strong performance at Amrun in northern Australia. The update was the first quarterly report under new CEO Simon Trott, who reorganized the business into three divisions: global iron ore; aluminium and lithium; and copper.