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Rio Tinto's profit jumps 47%, boosting stock 49.9% amid strong copper and aluminum markets

Analyst Insights
29 Jul 2026
Stuart Mooney
View Source
Bullish
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Rio Tinto reported a 47% increase in first-half profit and a 28% rise in EBITDA to $14.8 billion, driven by strong copper and aluminum prices. Free cash flow surged 75%, supporting a higher interim dividend and prompting Goldman Sachs to upgrade the stock from Neutral to Buy. The company's share price rose nearly 50%, reflecting strong investor confidence and a market cap of about $152 billion. This performance underscores Rio Tinto's strategic position as a leading global miner with a diversified commodity portfolio.

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