Rio Tinto's Pilbara Iron Ore Production Down QoQ but Up YoY in Q1 2026!

Published: Apr 21, 2026 08:54

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On April 21, 2026 (Beijing time), Rio Tinto released its Q1 production and sales report:
Production: Pilbara iron ore production in Q1 was 78.8 million mt, down 12.15% QoQ and up 13% YoY.
Shipments: Pilbara iron ore shipments in Q1 were 72.4 million mt, down 20.70% QoQ and up 2% YoY.
In addition, Iron Ore Company of Canada (IOC) reported total pellet concentrate production of 2 million mt in Q1, down 9.1% QoQ and down 13% YoY (attributable to Rio Tinto's equity interest). Simandou mine produced a total of 300,000 mt of iron ore in Q1 (attributable to Rio Tinto's equity interest).
Meanwhile, Rio Tinto maintained its 2026 Pilbara iron ore shipments (100% basis) guidance at 323-338 million mt.

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