Rio Tinto(US:RIO) Xin Lang Cai Jing·2025-12-04 07:19Core Insights - The company is focusing on a plan to reduce costs and improve productivity, with a target of cutting unit costs by 4% from 2024 to 2030 [1][5] - The company expects to increase profits by up to 50% by 2023 due to capital discipline, rising commodity prices, and a 20% increase in copper production [5] - The company is streamlining its core business from four divisions to three, focusing on profitable assets, with certain assets like titanium and borates up for sale [5] - The copper production forecast for 2025 has been raised to between 860,000 and 875,000 tons, up from a previous estimate of 780,000 to 850,000 tons, driven by increased operations at the Oyu Tolgoi project in Mongolia [5][6] Industry Focus - Although the company's profits primarily come from iron ore, it is shifting its focus towards copper, aiming for an annual production of 1 million tons by 2030 [6] - Copper prices have reached record levels, and demand for this commodity is expected to remain high as the world transitions to green energy [7] - The company anticipates a more than 50% increase in copper production at Oyu Tolgoi this year, with a projected increase of about 15% in 2026 [3][8]