Rio Tinto Group (NYSE:RIO) is listed among the best undervalued European stocks to buy now, with Erste Group upgrading the company to a Buy rating on January 23. Analysts predict strong sales growth in 2026, especially in copper production in Mongolia, contributing to this expansion.

The company met its 2025 production targets for all commodities, with copper output exceeding projections at 883,000 tonnes. Additionally, Rio Tinto Group (NYSE:RIO) achieved record quarterly iron ore production in Western Australia’s Pilbara region, showing a 4% increase from the previous year.

Rio Tinto Group (NYSE:RIO) is engaged in exploring, mining, and processing mineral resources across various sectors including Copper, Iron Ore, Aluminium, and Minerals. The firm’s silver production is expected to rise alongside copper production, enhancing its growth prospects in the market.

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Read more at Yahoo Finance.: Rio Tinto (RIO) Upgraded to Buy by Erste Group on Copper Growth Outlook