2345 GMT - Investors will be focused on cost commentary and the performance of the iron-ore business when Rio Tinto reports its 2Q operational result next week, Macquarie says. Rio's Australian iron-ore operations are recovering from the impact of tropical cyclones earlier in the year. There will also be a focus on how the Oyu Tolgoi copper-mine ramp up is going, Macquarie says. The bank expects 2Q Pilbara iron-ore shipments of roughly 84.1 million metric tons and copper output around 218,100 tons, both in line with consensus estimates. "We expect a pretty in-line result at the quarterly, which is a positive after a weather impact in 1QCY26," it says. Macquarie has a neutral rating and A$180/share target on Rio. Shares ended Thursday at A$158.52.(rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

July 09, 2026 19:45 ET (23:45 GMT)

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