Rio Tinto invests USD 1.9 billion: Rio Tinto stock sits 22.09 percent below its 52-week high
Published on 10/26/2026 at 10:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSExpansion and operating markers
- Rio Tinto committed USD 1.9 billion to Kangwinan on October 23, 2026.
- Third-quarter Pilbara sales reached 85.7 million tonnes, up 2.00 percent year over year.
- Rio Tinto stock trades at EUR 75.05 at 10:41 a.m. CET at Lang & Schwarz on October 26, 2026, 0.44 percent above the Xetra close of October 23, 2026.
Rio Tinto (ISIN GB0007188757) was at EUR 75.05 at Lang & Schwarz at 10:41 a.m. CET on October 26, 2026. The miner had committed USD 1.9 billion to the Kangwinan bauxite project in Queensland on October 23, according to Rio Tinto.
Three events shape the expansion
On October 6, 2026, RBC Capital upgraded Rio Tinto to Sector Perform from Underperform while cutting its target from GBp 6,600 to GBp 6,500, as reported by Markets Insider. On October 14, Rio Tinto reported third-quarter global iron ore sales of 90.8 million tonnes, up 3.00 percent year over year, in its production release. On October 23, the company announced the USD 1.9 billion Kangwinan investment.
What does Kangwinan add?
The project is designed to add 20 million tonnes of annual bauxite capacity, with first output targeted in 2029 and full production expected by 2032. Weipa operations would rise to 44 million tonnes of annual capacity from 38 million tonnes, while the project replaces output from the Andoom mine as it reaches the end of its life.
Dates for the next steps
Construction is expected to ramp up in 2027, with first output targeted for 2029 and full production for 2032. The next earnings date is listed as February 24, 2027.
Stock remains below its yearly high
At EUR 75.05, Rio Tinto stock is 22.09 percent below its 52-week high of EUR 96.32 and remains within the EUR 58.65 to EUR 96.32 range. The company also maintains 2026 copper production guidance of 800,000 to 870,000 tonnes and Pilbara iron ore sales guidance of 323 million to 338 million tonnes, both reported on October 14.
Rio Tinto stock was trading at EUR 75.05 at Lang & Schwarz on October 26, 2026, at 10:41 a.m. CET, up 0.44 percent versus the Xetra close of October 23, 2026 at EUR 74.72. 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: RIO
- Primary exchange: London Stock Exchange
- Price Lang & Schwarz (as of October 26, 2026, 10:41 a.m. CET): EUR 75.05
- Change versus Xetra close: plus 0.44 percent
- Xetra close (October 23, 2026): EUR 74.72
- Market capitalization: EUR 122.1 billion (as of October 26, 2026)
- 52-week range: EUR 58.65-EUR 96.32 (as of October 26, 2026)
- Sector / Industry: Basic Materials / Industrial Materials
- Index membership: FTSE 100
Market context: Market report FTSE 100.
