Core Viewpoint - Rio Tinto is advancing its position in low-carbon aluminum production by installing carbon-free aluminum smelting cells at its Arvida smelter in Québec, utilizing the ELYSIS technology, which aims to eliminate direct greenhouse gas emissions from aluminum smelting [1][12]. Group 1: ELYSIS Technology and Environmental Impact - The ELYSIS technology is designed to produce aluminum without direct greenhouse gas emissions, generating oxygen as a byproduct and enhancing production efficiency [1][12]. - In Canada, the implementation of ELYSIS technology could potentially reduce greenhouse gas emissions by 6.5 million metric tons, equivalent to removing 1.8 million cars from the roads [3]. - The plant will have an annual production capacity of up to 2,500 tons of commercial-quality aluminum without direct greenhouse gas emissions, with the first production targeted by 2027 [7]. Group 2: Investment and Financial Performance - Rio Tinto has formed a joint venture with Québec's government to design and build a demonstration plant, requiring a total investment of $285 million, with Rio Tinto contributing $179 million [11]. - Over the past year, shares of Rio Tinto have increased by 1.7%, while the industry has seen a decline of 3.1% [4]. - In the first quarter of 2024, Rio Tinto produced 826 kilotons of aluminum, a 5% increase year-over-year, and expects total aluminum production for 2024 to be between 3.2 million tons and 3.4 million tons [13].

As we see on the graph above, this was the case at least until the beginning of 2024, when a handful of large companies within the S&P 500 have caused the index to significantly outperform its equal-weighted counterpart. Therefore, it was extreme concentration in companies, such as Nvidia (NVDA), Microsoft (MSFT) and Amazon Rio Tinto's dividend yield is also the highest within; Rio Tinto - Capex to Depreciation Expense % 200% 180% 160% 140% 120% 100% 80% 60% 40% 20% 0% 2016 2017 2018 2019 2020 2021 2022 202 ...

Rio Tinto Group (OTCMKTS: OTCPK:RTNTF) is one of the largest mining corporations in the world, with a market capitalization of well over $100 billion USD. The company continues to be susceptible to changes in ore prices. However, it continues to generate strong cash flow with incredibly important assets. That will enable the company to continue generating long-term shareholder returns. Rio Tinto Investor Presentation The company's sales revenue declined by 3%, a $1.6 billion decline, but in a world with hig ...

The deal with Mitsubishi is subject to various closing conditions, including approval from Australia's Foreign Investment Review Board. It is expected to close in the second half of 2024. Following the closure, Mitsubishi will not have any stake in the BSL joint venture. Rio Tinto (73.5%) will have a majority stake in the joint venture and the remaining will be held by YKK Aluminium (9.50%), UACJ Australia (9.29%) and Southern Cross Aluminium (7.71%). Price Performance The facility's activities include manu ...

Throughout the festival, the RIO units were strategically placed across key locations to enhance security coverage. The units operated flawlessly, providing continuous surveillance, monitoring for potential threats, and ensuring rapid response capabilities. The advanced AI technology embedded within the RIO units allowed for real-time analysis of crowd movement, immediate detection of any unusual activities, and swift communication with on-site security personnel law enforcement. Detroit, Michigan, June 10, ...

Rio Tinto (RIO) announced that it will invest $143 million to develop a research and development facility in Western Australia to test the effectiveness of its breakthrough low-carbon ironmaking process, BioIron. BioIron uses raw biomass material produced from agricultural by-products instead of metallurgical coal and is heated using a combination of gas released by the biomass and high-efficiency microwaves powered by renewable energy, which turns the iron ore into metallic iron. This process uses approxim ...

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 sellside) analysts often affect a stock's price, do they really matter? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Rio Tinto (RIO) . Rio Tinto currently has an average brokerage recommendat ...

VANCOUVER, BC, June 3, 2024 /PRNewswire/ -- One of the biggest threats to the ongoing energy transition is the world's ongoing copper shortage that's set to get worse. As demand for the red metal continues skyrocketing, the International Energy Agency (IEA) predicts that existing mines and projects under construction will meet only 80% of copper needs by 2030, which is concerning as opening a single copper mine typically takes 23 years. With the world's two most prolific copper producing countries coming fr ...

The trials will kick off in the second half of 2024 with two Cat 793 haul trucks. This will be followed by two Komatsu 930 haul trucks in 2026. BHP will trial the Caterpillar trucks, while Rio Tinto will test the Komatsu trucks. In 2021, Rio Tinto and BHP worked with both Caterpillar and Komatsu to support the development and validation of their prototype battery-electric haul trucks. The trucks included in the current trials are based on these prototypes. Both companies will conduct independent trials of t ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important? Let's take a look at what these Wall Street heavyweights have to say about Rio Tinto (RIO) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. Rio Tinto currently has an average brokerage recommendation ( ...