Rio Tinto and BHP to Lead Australia Earnings Rebound

Safety hats outside a break room at the Rio Tinto Group's Gudai-Darri iron ore mine in the Pilbara region of Western Australia.

Photographer: Carla Gottgens/Bloomberg

Australia’s reporting season moves into high gear this week with Rio Tinto Ltd. and BHP Group Ltd. seen crucial for the country’s earnings rebound.

Both miners enter 2026 set for earnings outperformance, buoyed by commodity prices that help valuations catch up with broader equity markets, Bloomberg Intelligence analysts Alon OlshaBloomberg Terminal and Grant Sporre wrote in a noteBloomberg Terminal.