Australia's Rio Tinto falls after miner flags Mideast supply chain risks

Rio Tinto

21/04/2026 02:40

** Shares of Australia's Rio Tinto RIO.AX reverse course to fall as much 0.3% to A$172.04

** Stock up as much as 1% to A$174.27 earlier in the session

** The miner says it has relatively limited visibility of how the ongoing conflict will affect supply chains in second half

** Says direct impact from the Middle East conflict on its operations have been limited so far on the supply end, while company's commodity prices have responded favourably

** Company posts a 13% rise in first-quarter Pilbara iron ore production (100% basis)

** Says Pilbara iron ore sales up 2% in the three-month period ended March

** Rio Tinto stock up 17.4%, YTD

 (Reporting by Sneha Kumar in Bengaluru)

 ((Sneha.kumar@thomsonreuters.com;))