Deutsche Bank has increased its price targets for several UK-listed mining companies, anticipating a copper supply squeeze in the coming quarters. Anglo American and Glencore are rated 'buy' with raised targets, while Rio Tinto and BHP have 'hold' ratings with higher targets. Copper prices are forecasted to rise to $14,500 per tonne in 2027, up from $12,500, driven by strong fundamentals despite recent market pressures. The bank highlights copper-focused miners as strong performers, expecting their earnings to be about 20% above consensus in 2027.
Rio Tinto shares are trading at USD 93.72 on Pluang as of Oct 07, 2026 20:22 WIB, down 2.26% for the day. The stock's market cap stands at $154.01 billion, reflecting its significant scale in the basic materials sector. Despite the recent dip, Rio Tinto maintains a dividend yield of 4.85%, offering income alongside potential exposure to copper market dynamics.
UBS forecasts stronger iron ore shipments for BHP and Rio Tinto in the September quarter, with BHP expected to ship 75 million tonnes and Rio Tinto 86 million tonnes. However, iron ore prices have fallen to about $91 a tonne, hitting more than 10-yea...
RBC Capital upgraded Rio Tinto to Sector Perform from Underperform, reflecting confidence in its lithium expansion and solid operational stability. The company is boosting lithium output to meet rising demand from electric vehicles and energy storage...
