UBS has given Rio Tinto plc a "Neutral" rating and a target price of 5250 pence.
The anticipated start of production at the new iron ore mine in Simandou, Guinea, is projected for 2025. However, potential delays due to record-breaking rainfall and ongoing political uncertainties in the region may affect this timeline.
The development of the Simandou project is complex and crucial for Rio Tinto"s future production capabilities. Investors should closely monitor these developments as they could have a significant impact on the company"s operational outlook and stock performance.