Rio Tinto Limited (RIO)
All research reports and stock updates for Rio Tinto Limited.
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Bench pressing
Lower commodity prices have dragged RIO’s 1H23 result below last year but broadly in line with consensus forecasts.
Still big
Back to earth for Rio Tinto earnings as commodity prices fall while costs soar. Regardless, RIO has a high quality portfolio albeit skewed to iron ore and Chinese steel production.
Safety first
The market’s surly reaction to the smaller interim dividend ignores the fall in commodity prices and the weakening global economy. Rio Tinto is taking a safety first approach to its balance sheet while stepping up the capex on its full dance card of projects.
Big
Everything at Rio Tinto is big. From the autonomous fleet of gargantuan iron ore trucks to the brontosaurus-sized balance sheet that is now deluging shareholders with capital returns.