Rio Tinto plc Stock (RIO): Tomago Energy Rescue, Simandou’s First Shipment, and a Copper Rally Near $12,000 Reshape the 2026 Outlook
Rio Tinto shares closed at £55.89 in London Friday, down 1.69% but near a 52-week high, as the company marked its first Simandou iron ore shipment to China after years of delays. Australia announced support to keep the Tomago aluminium smelter running past 2028. CEO Simon Trott outlined plans for $5–$10 billion in divestments. Copper prices surged, nearing $12,000 per tonne.