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)
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