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Rio Tinto PLC Registered Shares RIO Stock Quote

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XLON:RIO

Morningstar‘s Stock Analysis RIO

Valuation
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Is it the right time to buy or sell?
Is it the right time to buy or sell?

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Economic Moat

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Capital Allocation

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Retaining Rio Tinto's FVE of AUD 99 as Its New Iron Ore Mines in the Pilbara Ramp Up

Jon Mills, CFA Equity Analyst

Business Strategy and Outlook

| Jon Mills, CFA |

Rio Tinto is one of the world’s largest miners with operations in iron ore, aluminium (including bauxite and alumina), copper, and minerals (mineral sands, borates, salt and diamonds). Commodity demand is tied to global economic growth, China’s in particular. Rio Tinto benefited greatly from the China boom over the past two decades. The company’s largest customer by far is China, accounting for about 60% of sales in 2021. We think the outlook is for earnings to materially decline with demand for many commodities likely to soften with the end of the China boom, particularly for iron ore which has disproportionately benefited from the boom in infrastructure and real estate investment.

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Key Statistics RIO

Company Profile RIO

Business Description

Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminium, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included its Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 34%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminium smelters in Canada.

Contact
6 St James’s Square
London, SW1Y 4AD, United Kingdom
T +44 2077812000
Industry Other Industrial Metals & Mining
Most Recent Earnings
Fiscal Year End Dec 31, 2022
Employees 49,000