Rio Tinto invests USD 1.9 billion in bauxite: Rio Tinto stock gains 1.23 percent
Published on 10/27/2026 at 10:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSCapital investment and reporting dates
- Rio Tinto announced a USD 1.9 billion Kangwinan investment on October 23, 2026.
- Third-quarter 2026 global iron ore sales reached 90.8 million tonnes, up 3.00 percent year over year.
- Rio Tinto stock trades at EUR 75.97 at 10:47 a.m. CET at Lang & Schwarz on October 27, 2026, 1.23 percent above the Xetra close of October 26, 2026.
- Rio Tinto is scheduled to publish third-quarter financial results on November 3, 2026.
Rio Tinto (GB0007188757) announced a USD 1.9 billion investment in the Kangwinan bauxite project on October 23, 2026, while its stock traded at EUR 75.97 at Lang & Schwarz on October 27, 2026. The investment is designed to support the Weipa operations in Queensland and future alumina supply, according to Rio Tinto.
Kangwinan adds long-term capacity
The project gives Rio Tinto a new growth commitment in bauxite, with first production targeted for 2029 and annual capacity planned to reach 20 million tonnes by 2032, according to the company release dated October 23, 2026.
The investment follows Rio Tinto's third-quarter operating update dated October 14, 2026. Rio Tinto reported global iron ore sales of 90.8 million tonnes in the third quarter of 2026, up 3.00 percent from the third quarter of 2025. Pilbara sales reached 85.7 million tonnes, up 2.00 percent year over year.
What does production mean for growth?
The operating figures point to a mixed portfolio rather than a single commodity story. Oyu Tolgoi copper production increased 27.00 percent year over year in the third quarter and 29.00 percent year to date, while lithium carbonate equivalent production rose 4.00 percent year over year to 13.0 thousand tonnes. The company kept its 2026 production and sales guidance unchanged, including global iron ore sales of 343 million to 366 million tonnes.
Three dated steps for Rio Tinto
On October 1, 2026, Rio Tinto transferred the Argyle Pink Diamonds brand to Boodles. On October 14, 2026, it reported 90.8 million tonnes of third-quarter global iron ore sales. On October 23, 2026, it announced the USD 1.9 billion Kangwinan investment. The dates and figures are carried on Rio Tinto's investor-relations page.
When are the next results due?
Rio Tinto is scheduled to publish its third-quarter 2026 financial results on November 3, 2026, after the market close, according to StockTitan. That date will give investors a fuller view of revenue, profit and cash generation after the production update.
Rio Tinto stock trades above Xetra close
At Lang & Schwarz, Rio Tinto stock was trading at EUR 75.97 on October 27, 2026, at 10:47 a.m. CET, up 1.23 percent versus the Xetra close of October 26, 2026 at EUR 75.05. The Xetra-listed quote's 52-week range was EUR 48.17 to EUR 96.32, and market capitalization stood at EUR 123.6 billion.
The further course of trading is shown by the continuously updated real-time quote of Rio Tinto stock.
Rio Tinto stock facts
- Company: Rio Tinto plc
- ISIN: GB0007188757
- Ticker: RIO1.DE
- Price Lang & Schwarz (as of October 27, 2026, 10:47 a.m. CET): EUR 75.97
- Change versus Xetra close: plus 1.23 percent
- Xetra close (October 26, 2026): EUR 75.05
- Market capitalization: EUR 123.6 billion (as of October 27, 2026)
- 52-week range: EUR 48.17-96.32 (as of October 27, 2026)
- Sector / Industry: Basic Materials / Industrial Materials
- Next earnings date: November 3, 2026
Market context: Market report FTSE 100.
