RIO - Rio Tinto

Garpal Gumnut said:

I'm unable to clarify that.
When I've looked the percent number appeared to me to be an overall % but I'll give some thought as to how I'd go about that. A very interesting point you nice fella,and thanks for bringing it up @Dona Ferentes

gg

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from AFR 03 Aug 2019

The Aluminium Corporation of China, better known as Chinalco, is prevented from owning more than 14.99 per cent of Rio’s London stock under a foreign investment ruling struck in 2008 by Australia’s then treasurer Wayne Swan.

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That ruling was not a problem when Chinalco’s stake stood at 12 per cent, but Rio’s regular share buyback programs have consolidated its share register to the point that Chinalco’s stake now accounts for 14.51 per cent of shares on issue, according to Bloomberg data.

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So, if they own 14.99% of the London stock how much of "da lot" do they own. ?

Your reply was much appreciated oh great one even whose shadow illuminates each day @Dona Ferentes

gg

Rio has taken the first step to plant the West’s flag back in the key Gallium market, after export controls issued by China in 2023 and 2024 that saw prices rise from around US$200/kg to ~900/kg.

Rio has successfully produced gallium metal in R&D testing at lab scale with New York-based specialty metals supplier Indium Corporation. Its plan is to establish a 3.5tpa demo plant at the Vaudreuil alumina refinery in Quebec which, if successful, could be upgraded to 40tpa, equivalent to between 5-10% of global demand.

@Captain_Chaza
My thoughts on RIO.

RIO’s IV as at 1/5/23 was $114.26 – as at 26/3/25 it has fallen to $97.63 – DOWN $16.63 in less than 2 Yrs.
RIO’s TP as at 1/5/23 was $162.02 – as at 26/3/25 it has fallen to $149.97 – DOWN $12.08 in less than 2 Yrs.
That translates to Lower Low’s & Lower High’s – and we all know what that usually means.
The RIO SP 1/5/23 was $112.26 – as at 26/3/25 it was $116.85 – UP $4.59 (plus Divs) in less that 2 yrs - Not what you would call Inspiring.

Rio has been trapped between three BCF Candle Formations since Aug 2023.

RIO looks like a train that’s going nowhere.

RIO is a great share to trade – Trading will give me 3 times the LT Holders gains over the same time periods.
If RIO ever breaks out of the current $103.00 to $135.00 Trading Range, I may change my opinion, till that happens I'm happy to carry on with my ST Trades.
My Buy Price for RIO is $87.43 (maybe $90.00).

Although you are not in the Beginner Group, IMO, Beginners should not play with the likes of RIO…..


DrB

RIO are in some strife in Mongolia with their large copper asset. They got very close to the previous government who were ousted recently. They just settled a case against them there for near $200m. from memory without liability but there are a few new cases coming from the new leaders.

We may see RIO fall a bit over the next few weeks.

gg

Rio Tinto is considering a possible sale of its titanium unit due to weak prices and low returns, three sources said, just as incoming CEO Simon Trott will weigh up a restructuring of the world's second-largest miner when he takes over next month.

Titanium, used to make paints, cosmetics and food colouring, is also a vital ingredient in jet engine parts, missile casings, rocket components, submarines and naval vessels because of its strength, corrosion resistance and lightweight properties

should we send Albo for internship in Guinea?

qldfrog said:

Rio faces pressure from Guinea to build refinery for Simandou ore

The giant iron ore development could be billions of dollars more expensive if the African country pushes ahead with demands for more processing to be built.

www.afr.com

should we send Albo for internship in Guinea?

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While it is understandable that Guinea wishes to be involved more with the processing of Fe ore there needs to be some iron clad guarantee that Guinea will not do a BF (Burkina Faso) on RIO as providing infrastructure will cost $billions. They have already pulled the pin on a Dubai outfit who were slow to develop a bauxite tenement.

Western Africa has great potential and poor governance. Let us hope the London based board of RIO have their wits about them. I may take a closer look at the RIO chart after @DrBourse 's reply to a beginner above. I bought a sizeable amount decades ago for very little and mainly keep it for the divie. I've never thought of selling it but it does seem to attract trouble this decade. Never say never about selling a stock.

gg