Key Highlights

  • Rio Tinto shares traded at $152.95, up 2.01%, during the 9 November 2026 trading session.
  • Oyu Tolgoi copper production rose 29% year to date, and iron ore sales were up 3% year to date, as at the 14 October 2026 release.
  • The company reported more than $2 billion of Capital release year to date under its $5 to $10 billion program.

Rio Tinto Limited (ASX:RIO) shares traded at $152.95 during the Trading session on 9 November 2026, up 2.01%. Over the same session the S&P/ASX 200 index rose 0.10% to 9,029.70, and the S&P/ASX 200 Materials index gained 2.88% to 23,254.80. Rio Tinto is a global Mining group producing iron ore, aluminium, copper and minerals, with major Assets in Australia, Canada, Mongolia and other regions.

Latest Development: Third Quarter 2026 Production Results on 14 October 2026

Rio Tinto reported third quarter 2026 production results on 14 October 2026. Copper equivalent production rose about 1% year to date, driven by Oyu Tolgoi copper and Pilbara iron ore.

Oyu Tolgoi copper production increased 27% year on year in the third quarter and 29% year to date. Global iron ore sales were up 3% year to date, and the Simandou mine reached an annualised run-rate of about 10 million tonnes on a 100% basis.

The company said it has achieved more than $2 billion of capital release year to date and remains on track for a $1.8 billion annualised productivity benefit run-rate by the end of 2026.

About the Company and Business Overview

Rio Tinto extracts and processes iron ore, aluminium, copper and other minerals. Its Pilbara iron ore operations in Western Australia are a core part of the portfolio.

The group has growth projects planned through to 2030, and it is also working on decarbonisation of its aluminium smelting operations.

Sector Context

Copper prices are a key driver of the group's Earnings outlook and of sector interest in new supply. Iron ore Demand is tied closely to Chinese steel production and property activity.

The gold, silver and copper Commodity moves reported on 9 November 2026 also show ongoing price movements across metals markets, with gold up 1.30% to USD 4,128.20 and copper up 0.86% to USD 13,876.00 during the session.

Risks and What to Watch Ahead

Commodity prices, currency movements and Chinese demand remain external risks, and the company's productivity program depends on delivery of its operating system changes.

Watch items include the Simandou ramp-up, Oyu Tolgoi output, progress on the capital release program and the next quarterly production report.

Final Word

Rio Tinto's third quarter report points to higher copper output and steady iron ore sales, along with progress on major projects and asset portfolio changes. The results cover the period to 30 September 2026.