Highlights

• Rio Tinto (ASX:RIO) reported an 84% increase in copper underlying EBITDA to US$5.7 billion in H1 2026.
• Copper, aluminium and lithium now contribute more than half of group underlying EBITDA, reducing Rio’s historical dependence on iron ore.
• The Interim Dividend increased 43% to US$2.11 per share, while free Cash Flow rose 75% to US$3.8 billion.
• Simandou, lithium expansion and Oyu Tolgoi provide a multi-year growth pipeline, although operational and Commodity risks remain.

Rio Tinto (ASX:RIO) is undergoing a material shift in its Earnings mix as copper, aluminium and lithium take a larger role alongside its dominant iron ore operations. H1 2026 delivered higher…