In his latest research note, analyst Ben Davis confirms his recommendation. The broker RBC is keeping its Neutral rating. The target price is reduced from GBX 5300 to GBX 4900.
Rio Tinto plc is one of the world's leaders in mining research, prospecting and operating. Net sales break down by family of products as follows:
- iron ore (49.2%): 290.6 Mt produced in 2025;
- aluminum, alumina and bauxite (26.7%): 62.4 Mt bauxite, 7.6 Mt alumina and 3.4 Mt aluminum produced;
- copper (11.6%) : 883 Kt produced;
- industrial minerals (4.1%): titanium dioxide pigments (975 Kt produced), borates (502 Kt produced) and salts (4.8 Mt produced);
- gold (3.3%) : 464,000 ounces produced;
- lithium (1.6%): 57 Kt produced;
- diamonds (0.6%) : 4.4 million carats produced;
- other (2.9%): uranium, silver, zinc and molybdenum.
Net sales are distributed geographically as follows: the United Kingdom (0.2%), Europe (5.8%), China (57.3%), Japan (5.7%), Asia (6.9%), the United States (16.7%), Canada (3%), Australia (1.6%) and other (2.8%).
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