Rio Tinto inches higher, analysts see lithium driving 2% of 2026 EBITDA
Rio Tinto shares traded at 7,180p in London, up 0.3% but still 1.2% below Tuesday’s close, leaving about £1.4 billion in market cap unrecouped. The miner aims to boost lithium output from 61,000 tonnes this year to 200,000 tonnes by 2028. Lithium is forecast to contribute just 2.3% of underlying EBITDA in 2026. Rio reports Q2 operations July 15 and first-half results July 29.