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AAP
AAP
Adrian Black

Rio Tinto profits slip as prices weigh on performance

Rio Tinto has posted a $US4.5 billion net profit in the half to June 30. (Richard Wainwright/AAP PHOTOS)

Lumbering iron ore prices and multiple cyclones have weighed on Rio Tinto's profits, but the miner's increasing diversification across other commodities has helped balance the result.

Rio posted a $US4.5 billion ($A6.9 billion) net profit in the six months to June 30, a 22 per cent slip on the same period in 2024, after its Pilbara operations were affected by four cyclones.

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