0020 GMT - Rio Tinto's 2Q Pilbara iron-ore shipments miss consensus estimates by 2%, the likely market focus from the miner's quarterly update, RBC Capital Markets analyst Kaan Peker says in a note. "Copper, on the other hand, beat consensus by 13% and RBC estimates by 17%," Peker adds. He highlights the acceleration of the Simandou project's schedule, with first shipments now expected from November. RBC currently forecasts no iron-ore shipments from Simandou in 2025. RBC has a sector perform rating on Rio Tinto. The stock is down 0.3% in Sydney at A$109.99/share, outperforming its peers. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
July 15, 2025 20:20 ET (00:20 GMT)
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