Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Deep Fundamental Analysis

Rio Tinto (RIO AU) Vs BHP (BHP AU): Mining Pair Rebounds to a Fresh Trade Trigger

Australia: Relative Value Opportunities and Pair Trades (6 Oct 2026)

Relative Value Opportunities in Asia-Pac, Pair Trade Roundup (5 Oct 2026)

Iron Ore, Copper, Equities, Mint Finance

Umang Agrawal

Iron Ore, Copper, Equities

Equity Bottom-Up

<ul>
<li>Rio Tinto’s iron ore sales volumes are holding up, but weaker Chinese steel demand, rising cost pressures and the CMRG standoff threaten margins and Simandou’s ramp-up.</li>
<li>Oyu Tolgoi’s 27% production growth supported Q3 copper output, partly offsetting declines at Escondida. Sustaining this growth will be key to Rio Tinto’s copper growth outlook.</li>
<li>Analysts expect FY26 EPS to grow 24.5%, outpacing 10.6% revenue growth, but shrinking earnings surprises leave less room to disappoint.</li>
</ul>


Rio Tinto’s iron ore sales volumes are holding up, but weaker Chinese steel demand, rising cost pressures and the CMRG standoff threaten margins and Simandou’s ramp-up.
Oyu Tolgoi’s 27% production growth supported Q3 copper output, partly offsetting declines at Escondida. Sustaining this growth will be key to Rio Tinto’s copper growth outlook.
Analysts expect FY26 EPS to grow 24.5%, outpacing 10.6% revenue growth, but shrinking earnings surprises leave less room to disappoint.


Beyond Pilbara: Rio Tinto’s Copper Upside Hinges on Oyu Tolgoi