0713 GMT - Rio Tinto shares have little room left to run after rising around 8% since the Middle East conflict began, RBC Capital Markets analysts Ben Davis and Kaan Peker write. After a strong run this year, catalysts for further growth look limited, they say. Markets are already expecting some asset sales, like borates and mineral sands, as well as some infrastructure deals, they add. Rio is also still on the lookout for copper assets, which could prove to be expensive, the analysts say. It is difficult to see the miner getting a boost from higher commodity prices given the warning signs in the Chinese economy, they write. They downgrade their rating on the stock to underperform. London shares fall 1.4% to 8,193 pence. (adam.whittaker@wsj.com)

(END) Dow Jones Newswires

June 03, 2026 03:13 ET (07:13 GMT)

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