China Slowdown Hits Rio Tinto Earnings Despite Revenue Gains

Mining vehicles operate at the blocks three and four of the Simandou mine, one of the largest high-grade iron ore deposits, run by Rio Tinto and partners' joint venture, SimFer, in the Nzerekore Region, Guinea November 4, 2025. Rio Tinto's net profit fell in 2025 as costs climbed and it took a hit from a slump in the Chinese economy. REUTERS/Luc Gnago
Mining vehicles operate at the blocks three and four of the Simandou mine, one of the largest high-grade iron ore deposits, run by Rio Tinto and partners' joint venture, SimFer, in the Nzerekore Region, Guinea November 4, 2025. Rio Tinto's net profit fell in 2025 as costs climbed and it took a hit from a slump in the Chinese economy. REUTERS/Luc Gnago

Mining giant Rio Tinto’s net profit fell in 2025 as costs climbed and it took a hit from a slump in the Chinese economy, company results showed Thursday.

The British-Australian firm said the results “demonstrate clear progress as we embed our stronger, sharper and simpler way of working” even as net profits fell to $10 billion last year from $11.6 billion in 2024.

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by Agence France-Presse

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