RIO's NeoSmelt venture wins ARENA backing for a pilot plant aiming to slash steelmaking emissions by up to 80%.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Jefferies has downgraded Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) to 'Hold' from 'Buy', citing emerging headwinds including CEO succession uncertainty, increasing geopolitical risks, and concerns over rising capital intensity in the company's lithium investments. “Of the major diversified miners in our coverage, we prefer Glencore, Anglo American and Vale over Rio and BHP,” Jefferies wrote in a note.
Rio Tinto has agreed to a new management plan with a local indigenous group that covers its iron-ore operations in an area of Australia's Pilbara region where it destroyed two ancient rock shelters five years ago.
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) is ramping up its lithium investments, notably with the recent US$6.7 billion acquisition of Arcadium, a leading lithium producer formed from the merger of Australia's Allkem and America's Livent. This substantial move follows the earlier US$825 million investment in Argentina's Rincon project, significantly enhancing Rio's lithium capacity.
Rio Tinto is evolving from an iron ore giant to a copper growth story, capitalizing on the global energy transition and electrification trends. Copper production is set to surpass 1 million tonnes by 2028, with major projects like Oyu Tolgoi and Kennecott driving volume growth. Rising copper prices and increased output should fuel significant EBITDA growth, while the stock trades below its historical valuation multiples.
Rio Tinto is the preferred partner of ENAMI for Chile's Altoandinos lithium project, strengthening its global lithium portfolio amid long-term demand growth.
Jakob Stausholm will step down as Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) chief executive at the end of 2025, a move that JPMorgan believes strengthens the case for unlocking value in the miner's global portfolio and dual-listed structure. The bank reiterated its 'overweight' rating on the stock and sees up to 30% upside, underpinned by a £59.20 base case valuation.
Rio Tinto (NYSE: RIO) has made important strategic decisions aimed at diversifying into critical minerals necessary for the energy transition, including lithium and bauxite. Rio Tinto operates as a vertically integrated mining company—managing the entire value chain from exploration and extraction to processing and export.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Rio Tinto (RIO) announced Thursday that CEO Jakob Stausholm would be stepping down later this year after leading the mining and minerals provider since January 2021.
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) said chief executive Jakob Stausholm would step down later this year once a successor is named, with a formal search for his replacement now underway. The announcement came unexpectedly, just five years into a tenure that typically lasts six.