Before we begin, I acknowledge and pay my respect to all traditional owners and First Nations people that host our operations around the world. I am today in the United States, so we're doing results a little differently this year.

Rio Tinto Ltd (RTNTF) navigates a complex economic landscape with strategic investments and robust cash flow, despite facing headwinds in iron ore pricing and global market uncertainties.

Rio Tinto reported its smallest full-year underlying earnings in five years on Wednesday as lower prices for iron ore outweighed growth in its copper and aluminium businesses. Iron ore prices moderated last year on weak demand from China's struggling property sector and high portside inventories,