Rio Tinto

Rio Tinto reports a 15% revenue increase to USD 31.0bn for the first six months of 2026, an EBITDA rise of 28% to USD 4.8bn and a net profit increase of 47% to USD 6.7bn. Production of copper, aluminium and lithium rose by 3%, and Pilbara iron ore production reached its highest level since 2018. The group plans to expand lithium capacity from at least 61,000 tonnes in 2026 to up to 200,000 tonnes by 2028 and benefits in the short term from export disruptions through the Strait of Hormuz. The stock appears cheap versus peers with a P/E of 12 and a dividend yield of 4.7%, undervalued compared with BHP, Glencore and Anglo American. » More on deraktionaer.de

Rio Tinto, majority shareholder of Tomago Aluminium, has reached an agreement with Tomago, the Australian government and New South Wales to secure the power supply for Australia’s largest aluminium smelter until 2038. From 1 January 2029 a ten‑year power purchase agreement will guarantee supply, and from 2033 the electricity will be sourced 100% from renewable sources. Rio Tinto plans real investments of A$1.1 billion through 2038, including A$100 million for decarbonisation, and expects an annual reduction in Scope‑1 and Scope‑2 emissions of 7.1 million tonnes. The smelter produces up to 590,000 tonnes of aluminium per year and will continue to provide demand‑response services to the grid. » More on de.investing.com

The Australian government and New South Wales are providing a AUD 2.5 billion support package to secure operations at the Tomago aluminium smelter beyond 2028 and to help fund the construction of 3 gigawatts of new power generation capacity. Tomago has committed at least AUD 1.1 billion of its own investment, including AUD 100 million for decarbonisation. Rio Tinto welcomed the agreement and plans to transition the plant to 100% renewable energy by 2033. Tomago is a joint venture in which Rio Tinto holds 51.55%, Gove Aluminum 36.05% and Norsk Hydro 12.4%. » More on de.investing.com