Rio Tinto stock slips in early London trade as copper demand outlook clashes with iron ore risks
Rio Tinto shares fell 0.9% to 6,204p in early London trading after hitting a 52-week high the previous day. S&P Global projects global copper demand will reach 42 million tonnes annually by 2040, up from 28 million in 2025. Investors are awaiting Rio’s January 21 production update for more details on volumes and costs.