Rio Tinto Tipped to Maintain Steady Growth Through to Decade's End -- Market Talk

Dow Jones12-01

0320 GMT - Rio Tinto is expected to outline medium-term plans for raising volumes from its Oyu Tolgoi and Simandou mines, as well as its lithium assets, at an investor briefing Thursday, Citi analyst Ephrem Ravi says. Citi expects a 3% increase in copper-equivalent volumes in 2025 and for Rio Tinto to maintain "a steady pace" of 3%-4% annual growth until the end of the decade, he says. That should reduce Rio's reliance on iron ore to 42% of Ebitda by 2027, he adds. The market will also "be looking out for plans to narrow the cost gap with BHP in Australian iron ore and [a] significant reduction in central costs through self-help measures," Ravi says. Citi has a neutral rating on Rio, with a A$140/share target. The stock is up 0.5% at A$132.93. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

November 30, 2025 22:20 ET (03:20 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment