BJP7images/iStock via Getty Images Investment Thesis Rio Tinto's (NYSE:RIO) share price is down 14 percent year-to-date, off the back of a declining iron ore price and demand uncertainty. Could this be a time to add to my long position in Rio Tinto? Chinese demand for iron ore has likely plateaued, and emerging economies (like India) will be unable to pick up the slack in the short term. Due to changes in the steelmaking process, the demand profile for iron ore is expected to shift to high-grade ore. Goals ...

Sloot Article Thesis Rio Tinto Group (NYSE:RIO) is a leading mining company that has recently seen its shares come under pressure due to some macro concerns. With shares being inexpensively priced right now, RIO could be a good investment for long-term-oriented investors. Past Coverage I have covered Rio Tinto Group here on Seeking Alpha in the past. My most recent article is from June 2023, a little more than a year ago. I gave the company a Buy rating back then, with shares returning 8% so far. At the beg ...

VANCOUVER, British Columbia, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Rio2 Limited ("Rio2" or the "Company") (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) announces today that it has changed its auditors from Grant Thornton LLP (the "Former Auditor") to PricewaterhouseCooper LLP (the "Successor Auditor"). The Former Auditor resigned as the auditor of the Company effective August 8, 2024, and the board of directors of the Company appointed the Successor Auditor on August 8, 2024, until the next annual shareholder meeting of ...

Rio Tinto Group Unaudited Condensed Consolidated Interim Financial Report for the six months ended 30 June 2024 This document includes portions of the previously published results of announcement of Rio Tinto (as defined on page 64) as of, and for the six months ended 30 June 2024, announced on 31 July 2024. In the document we use non-IFRS (as defined below) measures which are reconciled to directly comparable International Financial Reporting Standards (IFRS) financial measures ("Non-IFRS Measures"). For m ...

Rio Tinto Group (NYSE:RIO) Q2 2024 Earnings Conference Call July 30, 2024 9:30 PM ET Company Participants Tom Gallop - Head of Investor Relations Jakob Stausholm - Chief Executive Officer Peter Cunningham - Chief Financial Officer Mark Davies - Chief Technical Officer Conference Call Participants Paul Young - Golden Sachs James Redfern - Bank of America Lyndon Fagan - JPMorgan Rob Stein - Macquarie Glyn Lawcock - Barrenjoey Rahul Anand - Morgan Stanley Tim Gerrard - Janus Henderson Kaan Peker - RBC Lachlan ...

Here at the Lab, we have a good grip on mining coverage, and today, after the Q2 production results, we are back to comment on Rio Tinto Group (NYSE:RIO, OTCPK:RTPPF, OTCPK:RTNTF). In our last analysis, we reported sector upside: 1) China's challenges are not cyclical but structural, 2) Diversification is a plus and has clear benefits, 3) CAPEX requirements and regulators will limit future capacity and 4) supportive iron ore demand with a deficit environment on the copper. That said, we also support Rio Tin ...

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels. These figures are just a handful of the metrics value investors tend to look at, but they help show that Rio Tinto is likely being undervalued right now. Considering ...

Rio Tinto (RIO) reported iron ore shipments (on a 100% basis) of 80.3 million tons (Mt) for the second quarter of 2024, which rose 2% year over year, attributed to the drawdown of port stocks. The company's iron ore production dipped 2% to 79.5 Mt as ore depletion offset productivity gains. A train had derailed in mid-May at its Western Australia iron ore operations, which led to six days of lost rail capacity and full stockpiles at some mines, impacting shipment and production numbers for the quarter. Tita ...

Rio Tinto (RIO) is set to install carbon-free aluminum smelting cells at its Arvida smelter in Québec, Canada, thus utilizing the first technology license issued by the ELYSIS joint venture. The groundbreaking ELYSIS technology aims to eliminate all direct greenhouse gases (GHGs) from the conventional aluminum smelting process, by producing oxygen as a byproduct while improving efficiency by producing more aluminum at lower costs. This pilot operation is expected to be a pivotal step in the large-scale indu ...

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 ...