Rio Tinto(US:RIO) Zhi Tong Cai Jing·2025-12-04 08:57Group 1 - The new CEO of Rio Tinto, Simon Trott, outlined a plan to raise up to $10 billion to reinvest in core businesses while scaling back ambitious goals, including lithium, to focus on iron ore and copper [1] - The company aims to release $5 billion to $10 billion in "cash proceeds" through asset divestitures, minority stake sales, and restructuring existing financing [1] - Trott emphasized a phased approach to lithium investments, targeting an annual production of 200,000 tons by 2028, contingent on market conditions and returns [1] Group 2 - Rio Tinto plans to reduce average operating unit costs by 4% annually by the end of the decade, with a goal of achieving $650 million in production efficiency improvements by the end of Q1 next year [2] - The company is undergoing organizational streamlining, particularly in auxiliary functions, and has already cut senior staff and is reviewing non-core businesses for divestiture or closure [2] - Analysts noted potential capital cost arbitrage opportunities in infrastructure sale-leaseback arrangements mentioned by Trott, indicating a strategic direction that aligns with market expectations [2]