Rio Tinto Ltd (NYSE:RIO) Maintains Neutral Rating from Citigroup with a Positive Outlook

Core Viewpoint - Citigroup maintains a Neutral rating for Rio Tinto Ltd, raising the price target, indicating a positive outlook for the company's future performance [2][6] Production and Earnings - Rio Tinto is expected to increase its copper production by about 20% over the next three years, driven by the ramp-up at the Oyu Tolgoi mine, which will also enhance the production of gold and silver by-products [3][6] - The contribution of iron ore to group earnings is projected to decrease from 81% in 2023 to 48% by 2026, reflecting the company's strategic diversification into copper and other commodities [4][6] Stock Performance - The current stock price of Rio Tinto is $70.49, showing a slight decrease of 0.20% from the previous day, with a market capitalization of approximately $114.45 billion [5]