Rio Tinto keeps 2026 guidance as Oyu Tolgoi copper output jumps 27% in Q3

Rio Tinto maintained its 2026 production and cost guidance following a strong third quarter, highlighted by a 27% year-on-year increase in copper production at its Oyu Tolgoi mine. The Mongolian operation is running at an annualized rate of about 450,000 tonnes. Iron ore sales and production also rose modestly, with the Simandou project in Guinea ramping up towards a 60 million tonnes annual target by late 2028. Lithium output grew 33% in the first nine months, though full-year production is expected at the lower end of guidance due to slower ramp-up at Sal de Vida. The company is progressing with capital release initiatives worth over $2 billion this year to focus on higher-return investments, aiming for $1.8 billion in productivity benefits by the end of 2026.

Rio Tinto's stock price on Pluang is USD 93.01 as of Oct 14, 2026 14:11 WIB, trading closer to its 52-week low of USD 67.89 than its high of USD 112.04. Despite the strong operational updates including a 27% jump in copper output at Oyu Tolgoi, the stock shows a slight 1-day decline of 0.05% and a full sell order activity at Pluang. The dividend yield stands at a notable 4.93%, reflecting steady income potential amid the current market sentiment.