Rio Tinto underlying profit falls on weaker iron ore prices

Miner's chief executive visiting Washington to look into Trump tariffs

20250220 Rio tinto

The Rio Tinto alumina refinery in Gove, also known as Nhulunbuy, east of Darwin in Australia's Northern Territory: Higher aluminum prices helped offset lower earnings from iron mining. © Reuters

SHAUN TURTON

CANBERRA -- Mining giant Rio Tinto's underlying earnings fell last year, the company said Thursday, due to waning prices for iron ore.

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