Rio Tinto에 대한 매도 수량은 투자자에게 Rio Tinto의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

Rio Tinto (NYSE:RIO) 주식, 공매도 수량 보고

Rio Tinto

Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, 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 the Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.

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바이킹 펀드 매니지먼트(Viking Fund Management)의 최근 13F 공시를 보면, 2024년 대선을 앞두고 일부 석유 기업 주식을 매도하는 등 3분기에 어떤 회사를 사고 팔았는지 확인할 수 있다. 13F 공시를 통해 보고한 포지션은 다음과 같다.

바이킹 펀드: 3분기에 대형 석유주 매각, 테슬라 포지션 절반으로 축소, 브로드컴 추가 매입

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최근 연구에 따르면 아칸소주가 전기차(EV) 배터리와 기타 첨단 제품에 필수적인 리튬을 상당량 보유하고 있을 가능성이 제기되었다.

아칸소주가 전기차 배터리 수요 증가에 따라 1천 9백만 톤의 리튬을 보유 중으로 예상

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호주의 다국적 광산업체인 BHP 그룹(NYSE:BHP)가 경쟁사인 앵글로 아메리칸(OTC:NGLOY)에 제출한 약 400억 달러 입찰은 이 회사를 인수하기에 충분하지 않을 수 있다. 왜냐하면 구리 자산에 대한 전 세계적 쟁탈전 속에서 다른 다각화된 광산업체들이 아마도 경쟁 입찰을 할 것이기 때문이다.

구리는 HOT한 상품: BHP의 &#39;인수 제안&#39; 후 앵글로 아메리칸에 대한 입찰 경쟁 예상

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President Donald Trump&#8216;s revoking <a href="https://www.benzinga.com/markets/equities/25/01/43122855/trumps-plan-to-revoke-7500-ev-tax-credit-is-a-huge-negative-for-tesla-says-gary-black-downplays-impact-on-rivals">the $7,500 electric vehicle tax credit</a> hasn&#8217;t discouraged mining companies from continuing to source critical materials needed for EV manufacturing.
Rio Tinto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) CEO Jakob Stausholm, for example, remains optimistic about the global demand for lithium. Speaking at the World Economic Forum in Davos on Tuesday, Stausholm noted, &#8220;Lithium demand will probably go up another five times over the next 15 years.&#8221;
Stausholm also praised Trump&#8217;s greenlighting of the Resolution mine in Arizona. Resolution is a massive joint venture project with BHP Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) that could become the biggest copper mine on the continent, the companies claim. 
&#8220;I do think that we have really good chances now to progress that project," he <a href="https://www.ft.com/content/a022764b-59a6-4292-bdee-6379d0200564">told</a> the Financial Times. The $64 billion project has an estimated life span of a 60-years. It&#8217;s expected to produce over 1 billion pounds of copper per year or around 25% of the U.S. needs.
Trump&#8217;s interest in Greenland is also said to go deeper than simply <a href="https://www.benzinga.com/markets/emerging-markets/25/01/43133508/trump-wants-to-buy-greenland-for-us-security">projecting power</a> on the global stage. The Denmark-owned island is home to 25 of the 34 critical metals (per the EU&#8217;s classification). Companies like Australia-based Energy Transition Minerals have already mapped over <a href="https://www.benzinga.com/news/global/25/01/42884764/how-trump-could-impact-chinas-role-in-emerging-greenland-mining-frontier">one billion tons of mineral resources</a>. This includes heavy rare earth metals like terbium, neodymium, dysprosium, and uranium.
As of January, Greenland <a href="https://www.economist.com/finance-and-economics/2024/10/31/greenland-faces-one-of-historys-great-resource-rushes-and-curses?utm_source=chatgpt.com">has</a> one active mine. In 2023, there were <a href="https://www.energymonitor.ai/sectors/industry/why-the-world-finds-itself-in-a-greenland-mining-rush/?utm_source=chatgpt.com">two</a>.
Another key focus of Trump's critical minerals strategy may be deep-sea mining. The Metals Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMC#NASDAQ">TMC</a>), a prospective deep-sea miner, plans to submit its first application to the International Seabed Authority (ISA) in June. 
The Vancouver, British Columbia-based company seeks approval to extract polymetallic nodules from the ocean floor. These nodules contain cobalt, nickel, and rare earth elements crucial for battery and electronics production.
TMC's application, with support from the Republic of Nauru, could face hurdles as ISA&#8217;s new Secretary-General, Leticia Carvalho, has touted sustainability and equity in deep-sea mining governance.
"Our mandate is both a privilege and a responsibility—to act in the interest of all humankind," Carvalho <a href="https://www.isa.org.jm/news/leticia-carvalho-assumes-role-as-secretary-general-of-the-international-seabed-authority/">said</a> after assuming the leadership role earlier this month.
Despite this, TMC remains undeterred. CFO Craig Shesky <a href="https://www.benzinga.com/government/24/08/40119611/exclusive-seabed-mining-company-execs-see-industry-developing-regardless-of-un-authority-vote">told</a> Benzinga last summer, &#8220;There&#8217;s nothing to stop [deep-sea mining] at this point. This is now inevitable.&#8221;
With Trump's administration favoring deregulation and resource independence, TMC may find a more conducive environment for advancing its ambitions.
Read Next: 
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<li><a href="https://www.benzinga.com/25/01/43124968/paladin-energy-soars-on-corporate-achievements-trumps-appetite-for-ai">Paladin Energy Soars On Corporate Achievements, Trump&#8217;s Appetite For AI</a></li>
</ul>
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Shares of stocks in the broader metals and mining sector are trading higher in possible sympathy with Rio Tinto and Glencore who announced discussions regarding a potential merger, the largest in mining industry history.

Rio Tinto Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) and Glencore Plc (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GLNCY#OTC">GLNCY</a>), two of the largest mining companies in the world, have engaged in preliminary discussions about merging their businesses. 
What To Know: <a href="https://www.bloomberg.com/news/articles/2025-01-16/rio-tinto-glencore-are-said-to-discuss-potential-combination?srnd=homepage-americas">According to Bloomberg,</a> the talks, which remain in the early stages, have not been confirmed as ongoing. Sources, who requested anonymity due to the confidentiality of the information, noted the uncertainty surrounding whether the discussions will progress further. Representatives from Rio Tinto declined to comment, while Glencore did not immediately respond to statement requests.
Shares of both companies reacted to the news. Rio Tinto&#8217;s stock dropped 2.03% during recent trading, likely reflecting investor caution surrounding the uncertainty of the talks. Meanwhile, Glencore's stock surged 7.76%, potentially driven by market optimism about the potential synergies and scale such a merger could deliver.
This development, if it progresses, could have significant implications for the global mining industry, given the combined operational reach and resource portfolio of the two firms.
Price Action: Rio Tinto shares were down 1.70% at $59.43 and Glencore PLC shares were up 5.32% at $9.53 at the time of writing, according to <a href="https://pro.benzinga.com/dashboard?new_user=False&amp;backend=google-oauth2">Benzinga Pro.</a>
Read Next:
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<li><a href="https://www.benzinga.com/markets/cannabis/25/01/43038294/can-ai-solve-cannabis-medicines-data-problem-new-tech-initiative-aims-to-streamline-research-and-treatments">Can AI Solve Cannabis Medicine&#8217;s Data Problem? New Tech Initiative Aims To Streamline Research And Treatments</a></li>
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Photo by solarseven on Shutterstock.

Movers

Rio Tinto And Glencore Weigh Historic Merger, Shaking Up Global Mining

Rio Tinto, Glencore Are Said To Discuss Potential Combination

Rio Tinto Says Pilbara Iron Ore Operations Produced 328.0 Million Tonnes In 2024, With Shipments Of 328.6 Million Tonnes, Each 1% Lower Than 2023

ALTM

Arcadium Lithium Secures CFIUS Clearance For Acquisition By Rio Tinto, With Key Regulatory Approvals Completed In Multiple Countries; Transaction Expected To Close Before Mid-2025

Jefferies analyst Chris LaFemina maintains Rio Tinto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) with a Buy and lowers the price target from $83 to $73.

Price Target

Jefferies Maintains Buy on Rio Tinto, Lowers Price Target to $73

Arcadium Lithium plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTM#NYSE">ALTM</a>, ASX: LTM, ", Arcadium Lithium", ))), a leading global lithium chemicals producer, today announced that it has obtained all requisite shareholder approvals in connection with the proposed acquisition by Rio Tinto previously announced on October 9, 2024.&nbsp;

Arcadium Lithium Announces Shareholder Approval Of Proposed Rio Tinto Transaction And Provides Regulatory Update

Shares of stocks in the broader metals and mining sector are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

Australia's main opposition has proposed a $211 billion taxpayer-funded nuclear power plan. If successful, the turn to nuclear power would be a historic event for one of the largest <a target="_blank" href="https://www.benzinga.com/markets/commodities" rel="noreferrer noopener">global commodity producers</a>.
"Nuclear power will underpin the economic success of our country for the next century. This will make electricity reliable. It will make it more consistent. It will make it cheaper for Australians, and it will help us decarbonize," Peter Dutton, leader of the center-right Liberal Party, said <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-12-13/australia-s-opposition-reveals-211-billion-nuclear-power-plan" rel="noreferrer noopener">per</a> Bloomberg's report.
The country's approach to climate change has been politically charged, contributing to the downfall of former Prime Minister Scott Morrison in 2022. Australia remains one of the largest per-capita polluters globally, and Dutton's proposal directly challenges the ruling Labor Party's renewables-only strategy.
He called Labor's plan costly, citing claims that a balanced energy mix, including nuclear, would save taxpayers and businesses $167 billion. Australia has no operational nuclear power plants, as the industry was banned in 1998 under the Environment Protection and Biodiversity Conservation Act.&nbsp;
Despite Australia's position as the world's fourth-largest producer and holder of <a target="_blank" href="https://minerals.org.au/about/mining-facts/mineral-uranium/" rel="noreferrer noopener">one-third of global reserves</a>, uranium mining remains banned in Western Australia and Queensland. These restrictions persist even as the Minerals Council of Australia <a target="_blank" href="https://www.benzinga.com/government/24/08/40182376/uranium-explorers-call-for-lifting-mining-ban-in-western-australia-target-1b-in-exports" rel="noreferrer noopener">advocates for lifting bans</a> to help meet global clean energy demand.
Currently, the active uranium mining operations exist at just 3 locations:
<ul>
<li>Olympic Dam – the largest known deposit in the world, owned by BHP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>)</li>
<li>Four Mile &#8211; a high-grade mine owned by Quasar Resources.</li>
<li>Ranger (Northern Territory) &#8211; controlled by Rio Tinto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>), but at the end of its lifespan.</li>
</ul>
Dutton's plan includes constructing seven nuclear power plants by 2050, with the first operational by 2036. If it goes through, it would be reasonable to expect the removal of mining restrictions, presenting opportunities for domestic and foreign uranium explorers. If Western Australia lifts the mining ban, operators like Toro Energy and Paladin Energy could pursue <a target="_blank" href="https://www.dmp.wa.gov.au/Uranium-1459.aspx" rel="noreferrer noopener">multiple regional projects</a>.
The largest publicly traded uranium producer, Cameco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCJ#NYSE">CCJ</a>), owns the Yeelirrie project in the region, which it acquired from BHP in 2012.
Volatile energy costs in Australia have been an issue exaggerated by significant regional disparities. In October, The Guardian <a target="_blank" href="https://www.theguardian.com/australia-news/2024/oct/18/energy-prices-soar-after-volatile-wind-saw-heavier-gas-hydro-and-battery-use-australian-regulator-says" rel="noreferrer noopener">reported</a> a price of $114/MWh in Queensland compared to $201/MWh in South Australia, as high transmission costs can constitute 40% of an energy bill.
A network of strategically placed nuclear power plants would help solve this problem, reducing the cost of commodity production and further strengthening the Australian industry. As the 2025 general elections draw closer, nuclear power and uranium mining will likely become important topics down under.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/12/42433867/lithium-producers-brace-for-prolonged-oversupply-stalled-prices" target="_blank" rel="noreferrer noopener">Lithium Producers Brace For Prolonged Oversupply, Stalled Prices</a></li>
</ul>
Photo by metamorworks via Shutterstock

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Australian Opposition Goes Nuclear, $211 Billion Plan Could Open Doors For Uranium Miners

Rincon's capacity of 60,000 tonnes of battery grade lithium carbonate per year is comprised of the 3,000-tonne starter plant and 57,000-tonne expansion plant.

Rio Tinto Plans To Invest $2.5B To Expand Rincon Lithium Project Capacity To 60,000 Tonnes Per Year

Shares of copper companies are trading higher in possible reaction to China signaling looser monetary policy, which could support demand.

Rio Tinto's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) CEO Jakob Stausholm has dismissed activist shareholder calls to abandon the <a target="_blank" href="https://www.benzinga.com/news/guidance/24/12/42312534/rio-tinto-releases-initial-estimates-for-argentinas-rincon-project-activists-call-for-consolidation" rel="noreferrer noopener">company's primary London listing</a>.
Palliser Capital, a global multi-strategy fund that holds around $250 million in Rio Tinto shares, argued that the dual listing has destroyed $50 billion in value and hampered large-scale mergers and acquisitions.
The fund also claimed that unifying the structure under Australian listing rules could unlock $28 billion in near-term shareholder value.
Speaking at an investor seminar in London, Stausholm argued the dual-listed structure provides value to shareholders.
"We've seen no compelling evidence suggesting our current structure is not the best option for Rio Tinto," he stated <a target="_blank" href="https://www.bloomberg.com/news/articles/2024-12-04/rio-tinto-ceo-disputes-palliser-s-call-to-quit-london-listing" rel="noreferrer noopener">per</a> Bloomberg's report. Instead, he presented an elaborate strategy to strengthen the company's diversified portfolio.
The management sees the Oyu Tolgoi mine in Mongolia playing a notable role in this plan. Its production is set to expand by 50% in 2024, contributing to the firm's goal of producing 1 million tons of copper annually by 2030.
Other copper initiatives include the Resolution project in the U.S. and the recent sale of a 30% stake in the Australian Winu project to Sumitomo for $399 million. Such strategic sales should help cover capital expenditures, set at $11 billion for 2025, up from $9.5 billion in 2024.
Rio Tinto's investments in iron ore, lithium, and aluminum are key to supporting the energy transition. Pilbara's iron ore production is expected to remain stable, while lithium operations are expanding, driven by the recent <a target="_blank" href="https://www.benzinga.com/news/large-cap/24/10/41203850/rio-tinto-confirms-interest-in-arcadium-lithium-shares-surge" rel="noreferrer noopener">$6.7 billion bid for </a><a target="_blank" href="https://www.benzinga.com/news/large-cap/24/10/41203850/rio-tinto-confirms-interest-in-arcadium-lithium-shares-surge" rel="noreferrer noopener">Arcadium Lithium</a>.
Acquiring a firm with significant operations in South America complements Rincon's project in Argentina. This project holds over 11 million tons of lithium carbonate equivalent in resources and reserves, positioning it as a critical asset in the electric vehicle supply chain.
Stausholm reaffirmed Rio Tinto's commitment to decarbonization, targeting a 50% reduction in operational emissions by 2030 and net-zero emissions by 2050.
The elaborate <a target="_blank" href="https://cdn-rio.dataweavers.io/-/media/content/documents/invest/presentations/2024/2024-decarbonisation-update.pdf?rev=e9a396eef9174a70b8eb840070481dfa" rel="noreferrer noopener">presentation</a> laid out the company's plan to invest $5-6 billion in decarbonization by 2030, focusing on electrification, renewable energy, and breakthrough technologies.
Looking beyond 2030, the company is preparing a pipeline of 60 projects, with around $1 billion in committed research and development costs, including carbon-free smelting (ELYSIS), a metallurgical biocarbon, and a hydrogen calcination pilot plant at Yarwun, which aims to replace natural gas with hydrogen in the aluminum refinery process.
Read Next:
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<li><a href="https://www.benzinga.com/24/12/42285786/politics-halt-norwegian-deep-sea-mining-environmentalists-look-toward-japan" target="_blank" rel="noreferrer noopener">Politics Halt Norwegian Deep-Sea Mining, Environmentalists Look Toward Japan</a></li>
</ul>

Guidance

Rio Tinto CEO Defends London Listing, Outlines Future Growth Plans

On Wednesday, Rio Tinto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) has unveiled the initial resource and reserve estimates for its Salar del Rincon lithium brine project in Salta, Argentina. With this project underway, Rio Tinto is strengthening its operations in a quickly growing mining market, where it established a foothold with an <a target="_blank" href="https://www.benzinga.com/m-a/24/10/41250060/arcadium-lithium-stock-is-soaring-wednesday-whats-behind-the-move" rel="noreferrer noopener">acquisition of </a><a target="_blank" href="https://www.benzinga.com/m-a/24/10/41250060/arcadium-lithium-stock-is-soaring-wednesday-whats-behind-the-move" rel="noreferrer noopener">Arcadium Lithium</a>.
The firm <a target="_blank" href="https://company-announcements.afr.com/asx/rio/eb77f42e-b1ff-11ef-9968-32bb3df8972d.pdf" rel="noreferrer noopener">reported</a> Rincon to contain 1.54 million tons of lithium carbonate equivalent (LCE) in measured resources, 7.85 million tons of LCE in indicated resources, and an additional 2.29 million tons in inferred resources. The ore reserves include 2.07 million tons of LCE in the probable category.
Located in the "Lithium Triangle," which spans Argentina, Bolivia, and Chile, the Rincon project represents a long-term asset for Rio Tinto.
The operation should produce 53,000 tons of battery-grade lithium annually for 40 years, with a potential expansion of up to 60,000. The Rincon 3000 starter plant is on track for completion by mid-2025.
In contrast to the controversial Jadar project in Serbia, which contains lithium in mineral form, Rincon's lithium is in brine, allowing for the application of advanced technologies like direct lithium extraction (DLE).
Argentina, the world's fourth-largest lithium producer, exported $835 million of lithium in 2023, comprising 20.8% of its total mining exports. Nearly half of this lithium was supplied to China for electric vehicle batteries and other technologies.
President Javier Milei, who took office in December 2023, has aggressively promoted pro-investment policies, offering tax and customs incentives to attract foreign mining firms, like McEwen Mining, investing billions into a <a target="_blank" href="https://www.benzinga.com/news/global/24/11/42243885/copper-supply-gap-drives-mcewens-2-5b-fundraising-for-los-azules" rel="noreferrer noopener">cornerstone copper project</a>.
Milei's government aims to capitalize on Argentina's vast mineral reserves, facilitating the rapid development of over 40 preliminary lithium projects.
Earlier this year, Rio Tinto acquired Arcadium Lithium – the operator of the largest Argentinian lithium Fenix project – which produced 22,000 tons, nearly half of the country's 50,000 tons last year.
However, despite management's efforts to further diversify the firm's global operations, its corporate structure has been criticized. Activist investor Palliser Capital has called on the company to consolidate its dual corporate structure by moving its primary listing from London to Australia.
According to their estimates, as reported <a target="_blank" href="https://www.reuters.com/markets/commodities/activist-investor-palliser-demands-rio-tinto-scrap-london-listing-2024-12-04/" rel="noreferrer noopener">by</a> Reuters, this "outdated" structure has lost $50 billion in shareholder value.
"Rio Tinto's approach to M&amp;A (mergers and acquisitions) is both an obvious statistical anomaly and entirely unsustainable going forward," the activist investor warned.
Read Next:
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<li><a href="https://www.benzinga.com/news/global/24/12/42303132/china-retaliates-against-us-chip-sanctions-tightens-mineral-exports" target="_blank" rel="noreferrer noopener">China Retaliates Against US Chip Sanctions, Tightens Mineral Exports</a></li>
</ul>

Rio Tinto Releases Initial Estimates for Argentina's Rincon Project, Activists Call For Consolidation

<a href="https://www.riotinto.com/en/news/releases/2024/rio-tinto-and-imperial-launch-150-million-partnership-to-support-the-global-energy-transition" title="https://www.riotinto.com/en/news/releases/2024/rio-tinto-and-imperial-launch-150-million-partnership-to-support-the-global-energy-transition">https://www.riotinto.com/en/news/releases/2024/rio-tinto-and-imperial-launch-150-million-partnership-to-support-the-global-energy-transition</a>

Rio Tinto Partners With Imperial College London In $150M Initiative To Advance Sustainable Materials For Global Energy Transition

The Mexican Ministry of Finance (SHCP) has proposed raising mining royalties in the 2025 federal budget bill. The proposal suggests increasing two key taxes on mining activities, which is at a risk to the sector and <a target="_blank" href="https://www.benzinga.com/topic/mexico" rel="noreferrer noopener">the country's economy</a>.
What Happened? The SHCP plans to raise the special tax on mining profits from 7.5% to 8.5% and the extraordinary tax on revenues from the sale of gold, silver, and platinum from 0.5% to 1%. The Ministry justifies the hike by citing rising global metal prices and the nature of those assets.
"Considering that minerals and substances from the subsoil are non-renewable public domain assets, it is proposed to increase the special and extraordinary rights on mining," the SHCP stated in the bill <a target="_blank" href="https://www.bnamericas.com/en/news/mexican-govt-proposes-raising-taxes-on-mining-companies" rel="noreferrer noopener">per</a> bnamericas. The Ministry projects that the additional revenues will be allocated to government programs and projects, though specific details were not disclosed.
In 2021, an International Monetary Fund<a target="_blank" href="https://www.imf.org/-/media/Files/Publications/WP/2021/English/wpiea2021245-print-pdf.ashx" rel="noreferrer noopener"> working paper</a> by Alpha Shah explored Mexico's mining tax regime, concluding it was less burdensome than in many comparable nations. Shah's findings pointed out that there is room to increase the overall tax burden on mining while still maintaining competitiveness. The paper suggested a balanced redesign to boost the government's share of resource rents while ensuring the sector remains an attractive investment destination.
Why It Matters? Mining is important to Mexico's economy, contributing 2.5% to GDP and supporting 400,000 direct jobs. The country is the world's leading silver producer and a major supplier of gold and copper. However, with increasing global competition, Mexico could struggle to attract new investments under a higher tax regime.
The country needs significant investment to bolster its mining sector, which has already seen declining fiscal contributions. These contributions fell 32% in 2023, further underlining the need for a balanced approach to taxation. Furthermore, bnamericas noted that industry experts warned the proposed increases could discourage nearly $7 billion in mining investments by 2025, particularly as companies face other challenges, such as reduced concession terms and stricter water-use permits.
While the proposed taxes aim to capture more value from the mining sector, they may also reduce Mexico's appeal compared to peers like Chile, Peru, and Canada. These countries offer competitive tax regimes and have become increasingly attractive destinations for mining investment.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/24/11/42084529/bhp-unveils-14-billion-capex-for-chilean-copper-operations" target="_blank" rel="noreferrer noopener">BHP Unveils $14 Billion Capex For Chilean Copper Operations</a></li>
</ul>
Photo via Shutterstock

Emerging Markets

FLMX

MEXX

Mexico's Increased Mining Royalties Could Deter $7 Billion In Foreign Investments

Financial giants have made a conspicuous bullish move on Rio Tinto. Our analysis of options history for Rio Tinto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) revealed 9 unusual trades.
Delving into the details, we found 55% of traders were bullish, while 33% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $281,808, and 3 were calls, valued at $141,460.
<h3>What's The Price Target?</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $55.0 and $70.0 for Rio Tinto, spanning the last three months.
<h3>Volume &amp; Open Interest Trends</h3>
In today's trading context, the average open interest for options of Rio Tinto stands at 486.11, with a total volume reaching 963.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Rio Tinto, situated within the strike price corridor from $55.0 to $70.0, throughout the last 30 days.
<h3>Rio Tinto Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1731955527_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$4.2</td>
<td>$1.5</td>
<td>$4.0</td>
<td>$55.00</td>
<td>$103.6K</td>
<td>950</td>
<td align="right">259</td>
</tr>
<tr>
<td>RIO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/15/27</td>
<td>$5.3</td>
<td>$4.9</td>
<td>$4.9</td>
<td>$70.00</td>
<td>$87.2K</td>
<td>89</td>
<td align="right">178</td>
</tr>
<tr>
<td>RIO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$2.55</td>
<td>$2.4</td>
<td>$2.4</td>
<td>$55.00</td>
<td>$42.7K</td>
<td>59</td>
<td align="right">178</td>
</tr>
<tr>
<td>RIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$8.3</td>
<td>$8.1</td>
<td>$8.18</td>
<td>$70.00</td>
<td>$40.9K</td>
<td>2.0K</td>
<td align="right">50</td>
</tr>
<tr>
<td>RIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$4.6</td>
<td>$4.5</td>
<td>$4.6</td>
<td>$62.50</td>
<td>$38.1K</td>
<td>202</td>
<td align="right">109</td>
</tr>
</tbody>
</table>

<h3>About Rio Tinto</h3>
Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, 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 the Pilbara iron ore operations, a 30% stake in the Escondida copper mine, 66%-ownership of the Oyu Tolgoi copper mine in Mongolia, the Weipa and Gove bauxite mines in Australia, and six hydro-powered aluminum smelters in Canada.
After a thorough review of the options trading surrounding Rio Tinto, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Rio Tinto Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,323,138, the RIO's price is up by 1.74%, now at $62.04. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 93 days.</li>
</ul>
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Options

Rio Tinto's Options Frenzy: What You Need to Know

Iron ore prices could remain subdued in the near future. Citi analysts see them hovering around $85 per ton by 2026, owing to incremental new supplies, rising inventories, and <a href="https://www.benzinga.com/topic/china">weak Chinese demand</a>.
&#8220;Not only has China's recent stimulus package fallen short of investor expectations, but the weekend's fresh disappointments from the inflation report and FDI data have also reinforced the view that China is still far from stabilizing its beleaguered economy,&#8221; said Hebe Chen, market analyst at IG, <a href="https://www.news.com.au/finance/business/mining/economic-tsunami-threatening-to-overwhelm-australia-after-donald-trumps-election-win/news-story/902d416fb5180b09ef457716eb39e6a7">per</a> News.com.au.
The property sector remains a significant drag on demand, with real estate investments falling by 10.1% year-on-year and new construction starts contracting by 22.2% over the same period. These challenges, coupled with growing iron ore inventories at Chinese ports — up 31% this year to nearly 150 million tons — paint the impact of a supply-demand imbalance pressuring prices. In 2025, BMI research sees iron ore averaging $100 per ton.
Geopolitical factors weigh the sentiment as Donald Trump's upcoming second term raises trade tensions. Analysts warn that rekindled tariffs could further dampen Chinese steel demand, creating additional headwinds for iron ore.
Read Next: EXCLUSIVE: <a href="https://www.benzinga.com/markets/commodities/24/11/41969513/exclusive-critical-metals-corp-advances-wolfsberg-lithium-project-unveiles-new-drilling-approval-and-saudi-plant-plans">Critical Metals Corp Advances Wolfsberg Lithium Project, Unveils New Drilling Approval and Saudi Plant Plans</a>
Finding itself between a rock and a hard place, as an important U.S. ally whose largest trading partner is China, uncertainty is pressuring the Australian mining sector. BHP Group Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) stock is down 20% year-to-date despite a strong recovery in September, as the market showed limited confidence in Beijing's ability to address those issues effectively.
Still, major iron ore producers, including BHP, Rio Tinto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>), Vale (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>), and Fortescue (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FSUMF#OTC">FSUMF</a>), have maintained strong production levels. 
BHP achieved a record output of 260 million tons in the fiscal year ending June 2024, with guidance of 255 to 265 million tons for 2025. Rio Tinto shipped 332 million tons in 2023, projecting <a href="https://www.benzinga.com/news/earnings/24/10/41353474/rio-tinto-disappoints-on-q3-production-sets-positive-tone-about-organic-growth">323 to 338 million</a> tons in 2024. Vale increased its guidance to 323–330 million tons for 2024, while Fortescue shipped 191.6 million tons in the 2024 fiscal year and expects similar levels this year.
Simandou, the long-delayed <a href="https://www.benzinga.com/news/24/01/36544368/mining-milestone-rio-tinto-to-launch-worlds-largest-project-in-guineas-simandou-mountains">Guinean iron ore project</a>, is also expected to come online soon, adding significant new supply. Furthermore, global trends toward low-carbon steel production are reducing demand for high-grade iron ore, particularly in regions like the EU, where initiatives such as the Carbon Border Adjustment Mechanism are accelerating the shift to greener methods.
Read Next: • <a href="https://www.benzinga.com/24/11/42011906/exxon-mobil-set-to-cut-400-texas-jobs-after-pioneer-deal">Exxon Mobil To Cut 400 Texas Jobs In Stages Through 2026</a>
Photo: BJP7Images via Shutterstock

FSUMF

Analysts See Iron Ore Below $100, Weak Chinese Demand

A new 13F filing from Viking Fund Management reveals which companies the fund bought and sold in the third quarter, including exiting some oil companies ahead of the 2024 election.
Third Quarter Exits: Viking Fund Management sold out of eight stocks completely in the third quarter, including positions in some of the largest oil companies.
Here are the positions exited, as <a href="https://13f.info/13f/000116906924000080/compare/000116906924000006">reported </a>by 13finfo:
<ul>
<li>Marathon Oil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRO#NYSE">MRO</a>)</li>
<li>Shell PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>)</li>
<li>SM Energy Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SM#NYSE">SM</a>)</li>
<li>Southern Copper Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCCO#NYSE">SCCO</a>)</li>
<li>Sociedad Quimica y Minera (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQM#NYSE">SQM</a>)</li>
<li>Murphy USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUSA#NYSE">MUSA</a>)</li>
<li>Sanofi SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NYSE">SNY</a>)</li>
<li>Cactus Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WHD#NYSE">WHD</a>)</li>
</ul>
Third Quarter New Positions: The following were the new stocks added to the fund in the third quarter, ranked in size by the dollar value at the end of the quarter.
<ul>
<li>Kodiak Gas Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGS#NYSE">KGS</a>)</li>
<li>EQT Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQT#NYSE">EQT</a>)</li>
<li>HF Sinclair Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DINO#NYSE">DINO</a>)</li>
<li>Weatherford International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WFRD#NASDAQ">WFRD</a>)</li>
<li>NRG Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>)</li>
<li>Vertiv Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>)</li>
<li>Chart Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTLS#NYSE">GTLS</a>)</li>
<li>Vistra Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>)</li>
<li>United Microelectronics (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UMC#NYSE">UMC</a>)</li>
<li>Eversource Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ES#NYSE">ES</a>)</li>
<li>Portland General Electric (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/POR#NYSE">POR</a>)</li>
<li>Restaurant Brands International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QSR#NYSE">QSR</a>)</li>
<li>Nutrien (NTR.TO – Canada)</li>
</ul>
 Big Moves: The fund made several changes to its existing positions alongside the new positions and exited positions.
Here are the biggest additions in the quarter to existing stakes:
<ul>
<li>Civitas Resources (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIVI#NYSE">CIVI</a>): +16,900%</li>
<li>Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>): +882%</li>
<li>LyondellBassell Industries (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYB#NYSE">LYB</a>): +400%</li>
<li>Rio Tinto PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>): +386%</li>
<li>Dow Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>): +200%</li>
</ul>
Here are the biggest position cuts during the quarter to existing stakes:
<ul>
<li>Texas Pacific Land (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TPL#NYSE">TPL</a>): -60%</li>
<li>Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>): -50%</li>
<li>Haliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>): -40%</li>
<li>ExxonMobil (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XOM#NYSE">XOM</a>): -36%</li>
<li>Ovintiv (OVV.TO – Canada): -33%</li>
</ul>
Why It's Important: At the end of the quarter, these are the fund's largest positions ranked by dollar value and the percentage they make up of the fund:
<ul>
<li>Broadcom: $27.96 million, 4.5%</li>
<li>AbbVie Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>): $24.88 million, 4.0%</li>
<li>NextEra Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>): $22.65 million, 3.7%</li>
<li>Entergy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>): $16.27 million, 2.6%</li>
<li>BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>): $14.24 million, 2.3%</li>
</ul>
The fund added significantly to its position in Broadcom, which remains the largest holding.
The quarter saw the sale of several oil stocks, but the fund opened new positions in several energy names in the quarter.
Photo: Shutterstock

Viking Fund Management Sells Big Oil Stocks In Q3, Cuts Tesla Position In Half, Adds To Largest Position Broadcom

Palantir Technologies Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) has surged over 40% in the past month, 266% YTD, propelled by a <a href="https://www.benzinga.com/news/24/08/40250122/microsoft-palantir-shares-rise-as-tech-titans-ink-deal-to-deploy-ai-tools-for-us-government-agencies">series of high-profile partnerships</a> with industry giants like Microsoft Corp, Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), and Rio Tinto PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>).
The data analytics and AI powerhouse has set a new 52-week high at $63.39, with investors riding the wave of excitement as Palantir&#8217;s collaborations continue to expand its footprint across the mining, defense, and cloud computing sectors.
But with a staggering 300x earnings valuation, Wall Street analysts remain cautious, warning of a potential <a href="https://www.benzinga.com/quote/PLTR/analyst-ratings">37%</a> downside, with a price target around $38.67.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/11/41891026/palantir-overtakes-lockheed-martin-in-market-cap-how-does-the-messi-of-ai-stack-up-against-the-traditional-defense-player">Palantir Overtakes Lockheed Martin In Market Cap, How Does The &#8216;Messi Of AI&#8217; Stack Up Against The Traditional Defense Player</a>
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="456" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14054254/Screenshot-2024-11-14-at-4.12.29-PM.png" alt="" class="wp-image-647581" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14054254/Screenshot-2024-11-14-at-4.12.29-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/14054254/Screenshot-2024-11-14-at-4.12.29-PM-300x218.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent111424&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The latest rally, though impressive, has led PLTR stock into overbought territory, with an RSI of 84.62 signaling potential for a pullback.
<h2 class="wp-block-heading">Powerhouse Partnerships Are Fueling Growth</h2>
PLTR stock&#8217;s 40% surge the past month isn't just momentum—it's backed by strategic partnerships. Last week, Palantir renewed its <a href="https://www.benzinga.com/24/11/41936392/whats-going-on-with-palantir-stock-after-renewing-collaboration-with-rio-tinto">multi-year deal with Rio Tinto,</a> extending the mining giant's access to its Artificial Intelligence Platform (AIP) for another four years.
This adds to Palantir's arsenal of strategic alliances, including collaborations with Microsoft and Amazon, where Palantir&#8217;s AI tools are being integrated into Microsoft's Azure for U.S. defense needs and Amazon Web Services for government AI applications.
<h2 class="wp-block-heading">PLTR Stock Chart Strongly Bullish, But Valuation Is Lofty</h2>
Meanwhile, PLTR stock is on fire, trading well above its key moving averages, which keeps the bulls in play. Yet, with a P/E ratio around 300x, analysts are questioning the sustainability of this AI-fueled growth.
Investors might want to enjoy the ride but keep their eyes on the potential for a pullback as Palantir's next moves unfold.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/11/41964178/jim-cramer-says-these-10-frothy-stocks-are-up-over-200-ytd-including-rocket-lab-palantir-and-carvana-heres-what-he-suggests-investors-can-do-for-terrific-long-term-returns">Jim Cramer Says These 10 &#8216;Frothy&#8217; Stocks Are Up Over 200% YTD, Including Rocket Lab, Palantir, And Carvana: Here&#8217;s What He Suggests Investors Can Do For &#8216;Terrific&#8217; Long-Term Returns</a></li>
</ul>
Photo: Shutterstock

Long Ideas

Technicals

Tech

AMZN

PLTR

Can Palantir Sustain Its 300X Valuation After Climbing 266% This Year?

Rio Tinto to form new lithium unit after Arcadium acquisition - Reuters

Bullish option flow detected in Rio Tinto (RIO) with 2,882 calls trading, 1.0x expected, and implied vol increasing over 1 point to 26.99%. Mar-25 ...

Rio Tinto call volume above normal and directionally bullish

As the global economy transitions toward sustainability, the demand for green metals is expected to surge. Thus, investors might consider adding three green metal mining companies, Southern Copper (SCCO), Rio Tinto Group (RIO), and BHP Group (BHP), for the clean energy revolution and growth prospects. Read on… The shift to renewable energy and Electric Vehicles (EVs) has skyrocketed demand for green metals like lithium, cobalt, and nickel. Mining companies focusing on these resources are capitalizing on the global push for cleaner energy solutions. The increasing adoption of EVs and energy storage systems has driven demand for these metals, creating significant opportunities for mining firms.
Given this landscape, investors might consider investing in three fundamentally stable mining stocks: Southern Copper Corporation (<a href="https://stocknews.com/stock/SCCO/">SCCO</a>), Rio Tinto Group (<a href="https://stocknews.com/stock/RIO/">RIO</a>), and BHP Group Limited (<a href="https://stocknews.com/stock/BHP/">BHP</a>) for potential gain.
In a global scenario, governments are implementing policies to reduce carbon emissions, fueling investments in green technologies and propelling growth in the sector. Additionally, <a href="https://www.ignitec.com/insights/sustainable-mining-is-imperative-but-is-it-possible/">corporates are creating a pathway to sustainability</a> in mining by adopting approaches that integrate IoT in smart mining, building circular economies, and shifting to renewable energies.
Similarly, technological advancements that include AI and Machine Learning, 3D printing, automation and robotics, drones and aerial surveying, blockchain for ethical sourcing, and biotechnology for waste management also help clear the way out for mine workers and corporations. Companies that <a href="https://mining-events.com/5-ways-to-make-mining-more-sustainable/">adopt eco-friendly mining technologies are likely to gain a competitive edge</a>, addressing both operational efficiency and environmental accountability.
Moreover, the global market for the green mining industry is anticipated to reach $16.9 billion by 2029, <a href="https://www.bccresearch.com/pressroom/env/green-mining-market">exhibiting a CAGR of 7.4%</a>, driven by key factors such as growing environmental legislation and regulatory pressures, rising green finance, and rapid integration of renewable energy in mining operations.
Given this positive outlook, let us delve into the fundamentals of three <a href="https://stocknews.com/category/industrial-metals/">Industrial - Metals</a> stocks, beginning with the third.
Stock #3: Southern Copper Corporation (<a href="https://stocknews.com/stock/SCCO/">SCCO</a>)
SCCO is an integrated producer of copper and valuable by-products. It operates the mining, exploring, smelting, and refining facilities in Peru, Mexico, Argentina, Chile, and Ecuador. Its operating segments include Peruvian operations; Mexican open-pit operations; and Mexican underground mining operations.
On November 21, backed by its strong financials, the company declared to its shareholders a quarterly <a href="https://www.investopedia.com/terms/d/dividend.asp">dividend</a> of $0.70 per share and a stock dividend of 0.0062 shares per share of common stock.
SCCO pays an annual dividend of $2.78, which translates to a yield of 2.97% at the prevailing price levels. Its four-year average dividend yield is 4.50%. The company's dividend payments have grown at a CAGR of 5.8% over the past five years.
SCCO's sales for the third quarter (ended September 30, 2024) increased 17% year-over-year to $2.93 billion. The company reported an operating income of $1.45 billion, indicating a 35.6% growth from the prior year quarter. SCCO's adjusted EBITDA came in at $1.68 billion, up 30.5% year-over-year, while its net income per share grew 43.8% from the prior-year quarter to $1.15.
The consensus revenue estimate of $2.87 billion for the fiscal fourth quarter (ended December 2024) represents a 25.2% increase year-over-year. The consensus EPS estimate of $1.11 for the same quarter indicates a 94.9 % improvement year-over-year. The company has an impressive earnings surprise history; it surpassed the consensus EPS estimate in three of the trailing four quarters.
The stock has gained 14.7% over the past year to close the last trading session at $93.78.
SCCO's <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a> reflect this robust outlook. The stock has an overall rating of B, which equates to Buy in our proprietary rating system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
SCCO has an A grade for Quality and a B for Stability. It is ranked #10 out of 31 stocks in the <a href="https://stocknews.com/category/industrial-metals/">Industrial - Metals</a> industry. <a href="https://stocknews.com/stock/SCCO/">Click here</a> to see the additional ratings for SCCO (Growth, Value, Momentum, and Sentiment).
Stock #2: Rio Tinto Group (<a href="https://stocknews.com/stock/RIO/">RIO</a>)
Headquartered in London, the United Kingdom, RIO engages in exploring, mining, and processing mineral resources worldwide. The company operates through four segments: Iron Ore; Aluminum; Copper; and Minerals. 
On December 12, RIO approved a $2.5 billion investment to expand the Rincon project in Argentina, the company's first commercial-scale lithium operation, to 60,000 tonnes per year. The project uses direct lithium extraction (DLE) technology, a process that supports water conservation, reduces waste, and produces lithium carbonate more consistently. This investment will help RIO to strengthen its commodity portfolio.
In the same month, RIO entered into a partnership agreement with the Swedish investment company Vargas, Mitsubishi Corporation, and other international and local industry partners to study low-carbon aluminum projects in Finland. This partnership should strengthen the company's global leadership in low-carbon aluminum.
For the six-month period that ended on June 30, 2024, RIO's consolidated sales revenue increased marginally year-over-year to $26.80 billion. The company's operating profit amounted to $8.26 billion, reflecting a 14% rise from the previous year's quarter. In addition, its profit after tax reached $5.89 billion, and EPS came in at $3.56, reflecting increases of 19.1% and 13.3% year-over-year, respectively.
Analysts expect RIO's revenue and EPS for the fiscal year ended December 2024 to be $52.73 billion and $6.86, respectively.
RIO shares have declined marginally intraday to close the last trading session at $58.19.
RIO's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has a B grade for Value, Stability, Sentiment, and Quality. Within the Industrial - Metals industry, it is ranked #5. <a href="https://stocknews.com/stock/RIO/">Click here</a> to see RIO's ratings for Growth and Momentum.
Stock #1: BHP Group Limited (<a href="https://stocknews.com/stock/BHP/">BHP</a>)
Based in Melbourne, Australia, BHP is a global resources company specializing in producing various commodities, such as iron ore, copper, nickel, potash, and metallurgical coal. The company operates through three segments: Copper; Iron Ore; and Coal.
On December 4, BHP signed a new Memorandum of Understanding (MOU) with HBIS Group to collaborate on decarbonizing the steel value chain. In the new MOU, using BHP's Pilbara iron ores in commercial-scale DRI-EAF steel production will continue to be optimized. BHP aims to establish best practices and scalable solutions that continue aligning with its climate goals.
On October 31, BHP announced the signing of a multi-year Global Framework Agreement with ABB, a leading global technology company. This strategic collaboration will enable opportunities for both companies to collaborate in support of project delivery, operations and maintenance, and operational decarbonization.
In the fiscal year which ended June 30, 2024, BHP's revenues increased 3.4% year-over-year to $55.66 billion. Its underlying EBITDA came in at $29.02 billion, up 3.8% from the previous year's quarter. The company's profit after taxation from continuing and discontinued operations amounted to $9.60 million, and its earnings per ordinary share stood at $1.56.
Street expects BHP's revenue for the fiscal year (ending June 2025) to be $52.22 billion. Moreover, its EPS estimate is expected to be $4.36 for the same period.
Shares of BHP have declined marginally intraday to close the last trading session at $48.18.
It's no surprise that BHP has an overall rating of B, equating to a Buy in our POWR Ratings system. It has a B grade for Value, Stability, and Quality. Out of 31 stocks in the same industry, BHP is ranked #4.
Beyond what is stated above, we've also rated BHP for Growth, Momentum, and Sentiment. Get all BHP's ratings <a href="https://stocknews.com/stock/BHP/">here</a>.
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<hr />
BHP shares were trading at $48.44 per share on Wednesday afternoon, up $0.26 (+0.54%). Year-to-date, BHP has declined -0.80%, versus a 0.34% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: ShreyaRathi</h2> <img src='https:/wp-content/uploads/2024/10/0.jpeg' style="float:left; padding:5px;width:125px;"><a href="https://stocknews.com/authors/?author=shreya-rathi">More...</a>The post <a href=https://stocknews.com/news/bhp-rio-scco-3-mining-companies-extracting-profits-from-green-metals/>3 Mining Companies Extracting Profits From Green Metals</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

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