Rio Tinto (NYSE:RIO) 주식

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.

West,Bangal,,India,-,October,09,,2021,:,Rio,Tinto

VALE

세계 최대 광산 기업 두 곳인 리오 틴토 PLC(NYSE:RIO)와 발리 SA(NYSE:VALE)는 수요일에 4분기 실적을 보고할 예정이다. 이들 두 주식 모두 낙관적인 기술적 신호를 보였지만 투자자들은 어느 주식이 더 강력한 실적 후 궤적을 가지고 있는지 면밀히 관찰할 것이다.

리오 틴토 vs 발리: 두 광산주 모두 4분기 실적을 앞두고 낙관적인 기술적 신호를 암시

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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.

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U.S. tariffs on copper imports could arrive within weeks. In February, President Donald Trump directed the U.S. Commerce Department to<a href="https://www.benzinga.com/25/03/44414283/copper-surges-as-arbitrage-opportunity-drives-us-imports"> conduct an investigation</a>, giving this executive department a nine-month deadline.
Per a Bloomberg<a href="https://www.bloomberg.com/news/articles/2025-03-26/trump-may-implement-copper-import-tariffs-within-weeks"> report</a>, the investigation is seen as "little more than a formality.&#8221; An announcement is likely to come well ahead of the November deadline.
The proposed tariffs, which could reach as high as 25%, would shift the global copper market. The US is a major copper consumer, needing between 1.7 and 1.9 million metric tons annually. Yet, it produces less than half of that, relying on Chile, Canada, and Peru for 90% of its imports.
Rising copper costs would boost domestic producers like Freeport McMoRan (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCX#NYSE">FCX</a>). They could also be a catalyst for resolving the standstill in Arizona. Recall how Native American opposition stalled Rio Tinto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) and BHP's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BHP#NYSE">BHP</a>) Resolution Copper mine located in the southern part of the Tonto National Forest—a $64 billion flagship project that could supply 25% of projected future domestic copper demand.
The looming tariffs have triggered a surge in U.S. copper imports, as traders rush to front-run potential duties. According <a href="https://www.reuters.com/markets/commodities/us-copper-imports-soar-500000-tons-amid-tariff-threats-says-bloomberg-2025-03-24/">to</a> Mercuria, around 500,000 metric tons of copper are en route to the U.S. That far exceeds the usual monthly average of 70,000 tons, Reuters noted.
This situation has driven up prices on New York's COMEX exchange, where copper trades at a record $1,400 premium over the London Metal Exchange (LME) benchmark. Unforeseen circumstances further tightened the supply, as Glencore paused its major Chilean copper smelter after experiencing furnace issues.
Investment banks and commodity traders expect further price increases if tariffs are imposed. Goldman Sachs and Citigroup have both forecast that a 25% duty could be in place<a href="https://www.benzinga.com/news/guidance/25/03/44271394/goldman-sachs-sees-copper-imports-increasing-tariffs-as-fcx-positions-to-benefit"> by year-end</a>, while Trafigura has projected that copper prices could climb to $12,000 per ton from the current level of around $10,000, as reported<a href="https://www.ft.com/content/e4f4a52c-9449-4b2a-887d-540e37f7b9bc"> by</a> The Financial Times.
Trump, however, has remained vague on the timing of the tariff announcement. On March 5, he mistakenly implied that copper tariffs were already in effect, saying, "I imposed a 25% tariff on foreign aluminum, steel, lumber, and copper."
Besides this slip, he remained vague about potential tariff exceptions ahead of the April 2 announcement, touted as a "Liberation Day" for US trade policy. First, he took a strict tone against tariff exceptions, before softening the stance in a Tuesday interview for Newsmax,
"I'll probably be more lenient than reciprocal because if I was reciprocal, that would be very tough for people," he said, according<a href="https://www.cnbc.com/2025/03/26/trump-says-tariffs-coming-in-april-will-probably-be-more-lenient-than-reciprocal.html"> to</a> CNBC.
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Trump's Copper Tariffs Might Come Sooner Rather Than Later, Insiders Warn

Experts urge the U.S. to collaborate with the European Union to secure assets in Ukraine&#8217;s <a href="https://www.benzinga.com/25/03/44435337/trump-administration-pushes-for-revised-terms-to-access-ukraines-critical-resources-amid-peace-talks-report">critical minerals</a>, arguing that a joint partnership would be the best solution for everyone involved.
Dr. Patrick Schroder and Armida van Rij, senior research fellows at Chatham House, advocate for a transatlantic approach.
&#8220;A joint U.S.-EU approach would enhance supply chain security, accelerate investments and provide geopolitical stability,&#8221; they <a href="https://www.chathamhouse.org/2025/03/trump-may-not-listen-us-should-cooperate-eu-ukraines-minerals?">wrote</a>. &#8220;This isn't just about extraction — it's about building resilient value chains that benefit all parties.&#8221;
Last Thursday, President Donald Trump said his administration was close to finalizing a deal with Ukraine, calling the negotiations "pretty well" after recent talks with Russian and Ukrainian leaders.
"One of the things we are doing is signing a deal very shortly with respect to rare earths with Ukraine," Trump said during an event at the White House, <a href="https://www.theguardian.com/world/2025/mar/21/ukraine-war-briefing-trump-says-minerals-deal-with-kyiv-to-be-signed-very-shortly">per</a> The Guardian.
Many of Ukraine&#8217;s most valuable resources, including lithium and rare earth elements, are <a href="https://www.benzinga.com/news/global/25/02/44057033/this-is-something-that-president-trump-does-over-and-over-again-geopolitical-strategist-says-about-failed-rare-minerals-deal-with-ukraine-president-zelenskyy">in occupied areas</a>, making extraction and processing challenging. Even without these issues, the U.S. still faces logistical and regulatory hurdles in developing Ukraine's mining sector.
Europe's established infrastructure and proximity make it a natural partner in developing mining and refining operations. The EU&#8217;s well-integrated regulatory framework could help streamline the process, ensuring efficient resource extraction and exporting to every market.
Regional leaders who have the know-how include Boliden ADR (OTCPK: BDNNY) and Glencore PLC (OTCPK: GLCNF), which operate some of the continent&#8217;s best refineries, like Nikkelverk nickel refinery in Norway and Rönnskär copper smelter in Sweden. Even global mining giant Rio Tinto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>), which maintains a headquarters in London, has been expanding its footprint in Europe, exploring a major <a href="https://www.benzinga.com/government/24/10/41289306/serbian-parliament-doesnt-pass-lithium-ban-keeps-rio-tintos-major-project-alive">lithium operation in Serbia</a>.
A joint effort would dissipate financial and geopolitical risks. Both parties rely on imports, while the main supplier, China, has been increasing its export restrictions. By pooling resources, both can reduce dependency on China and secure stable supplies.
Beyond logistical advantages, the EU has laid the groundwork for deeper cooperation with Ukraine through the Ukraine-EU Strategic Partnership on Raw Materials, signed in 2021. It also collaborates with the U.S. through the <a href="https://www.state.gov/minerals-security-partnership">Minerals Security Partnership</a> from 2022. A trilateral deal could expand this framework, aligning with the EU's Critical Raw Minerals Act.
Still, to achieve this, three administrations would have to find a common ground. So far, Trump's transactional approach favors quick wins, while the EU prioritizes long-term integration. Experts point out that cooperation, not competition, will yield the greatest rewards.&nbsp;
As researchers noted, "The minerals race shouldn't be a zero-sum game. Ukraine's recovery depends on sustainable investment, not short-term exploitation."
Read Next: • <a href="https://www.benzinga.com/25/03/44456007/gates-bezos-backed-startup-makes-move-for-dr-congos-lithium">Gates And Bezos-Backed Startup Makes Move For DR Congo&#8217;s Lithium</a>

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'Ukraine's Recovery Depends On Sustainable Investment,' Experts Call For Trilateral Minerals Deal

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Shares of base metals stocks are trading higher amid overall market strength and as investors assess US tariffs on steel and aluminum.

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Shares of several companies in the broader industrials space are trading lower amid overall market weakness and tariff concerns.

Activist investor Palliser Capital has renewed its call for Rio Tinto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) to unify its dual-listed corporate structure, urging the miner to abandon its London listing<a href="https://www.benzinga.com/government/regulations/24/12/42334888/rio-tinto-ceo-defends-london-listing-outlines-future-growth-plans"> in favor of an Australian one</a>.
Reuters <a href="https://www.reuters.com/markets/europe/palliser-capital-says-rio-tinto-unification-benefit-shareholders-cites-appraisal-2025-03-10/">reported</a> that the London-based hedge fund sent a letter to Rio Tinto&#8217;s chairman highlighting the report by Grant Thornton Australia. This report clarified that the company&#8217;s dual-listed structure (DLC) limits its ability to pursue stock-based mergers and acquisitions, complicates equity capital raising and creates a share price disparity between its UK and Australian listings.
Palliser, which holds a $300 million stake in Rio Tinto, argues that the structure is inefficient and &#8220;value destructive,&#8221; preventing the company from realizing its full potential. Meanwhile, their larger rival, BHP Group, successfully unified its dual-listed structure in 2022. If Rio Tinto follows that advice, it would be another hit for the London Stock Exchange (LSE), which has lost nearly a third of its <a href="https://www.benzinga.com/news/legal/25/02/43864896/glencore-rio-tinto-ponder-leaving-london-stock-exchange-as-european-financial-hub-loses-luster">listings since 2015</a>.
Rio Tinto has operated under its current structure since 1995, maintaining separate entities in the UK and Australia. The company's shares trade on the LSE and the Australian Securities Exchange, with shareholder voting rights and dividends structured to ensure parity. Furthermore, the structure requires the company to hold two annual general meetings, in London and Perth.
Rio Tinto has defended the DLC despite its complexity, stating that it benefits shareholders and supports the group's returns. The company thoroughly reviewed the structure in 2024, concluding that it remains effective. Furthermore, the management pointed at a strong dividend track record, as the firm remained among the top UK dividend payers.
The matter will be decided at Rio Tinto&#8217;s upcoming annual general meetings, with UK-listed shareholders voting on April 3 and Australian-listed shareholders voting on May 1. So far, Palliser has reportedly rallied more than 100 shareholders to support their effort.
The capital markets might be the catalyst for resolving the standoff between management and an activist investor. In the aftermath of a <a href="https://www.benzinga.com/news/large-cap/24/10/41203850/rio-tinto-confirms-interest-in-arcadium-lithium-shares-surge">$6.7 billion acquisition of Arcadium Lithium</a>, which closed last week, Rio Tinto had floated the idea of a share sale up to $5 billion.
Still, management scrapped the idea following significant investor pushback, opting to fortify the financial position through an existing bridge loan facility.
Read Next: <a href="https://www.benzinga.com/25/03/44216408/dr-congo-explores-a-minerals-for-security-deal-with-the-us">DR Congo Explores Minerals-For-Security Deal With The US</a>
Photo: Shutterstock

Financing

Activist Renews Calls For Listing Unification As Rio Tinto Abandons $5 Billion Equity Offering

Rio Tinto Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) disclosed that it is investing $1.8 billion to develop the Brockman Syncline <a target="_blank" href="https://www.riotinto.com/en/news/releases/2025/rio-tinto-to-invest-1_8-billion-to-develop-brockman-mine-extension-in-western-australias-pilbara#:~:text=PERTH%2C%20Australia%2D%2D(BUSINESS%20WIRE,world%20class%20iron%20ore%20operations." rel="noreferrer noopener">1 </a>(BS1) mine in Western Australia&#8217;s West Pilbara.
With this, the company is aiming to extend the region&#8217;s mine life and maintaining iron ore production.
BS1 is part of a series of replacement projects, collectively aimed at achieving a total annual capacity of around 130Mtpa, reinforcing Rio Tinto&#8217;s long-term commitment to the Pilbara region.
It represents a major investment in the Brockman region, which includes Brockman 4 and Greater Nammuldi.
The project has secured all required State and Federal approvals and was developed in collaboration with the Puutu Kunti Kurrama and Pinikura (PKKP) and Muntulgura Guruma Traditional Owners.
Rio Tinto Iron Ore Chief Executive Simon Trott said, &#8220;Brockman 4 produced 43 million tonnes of iron ore in 2024. Securing this project extends the life of the Brockman hub.&#8221;
&#8220;Rio Tinto has been mining iron ore in the Pilbara for almost six decades and our tranche of new mines will ensure we can continue to supply the globe&#8217;s ongoing need for iron ore, for decades to come.&#8221;
The project will be capable of processing up to 34 million tonnes per annum (Mtpa) of iron ore, utilizing existing facilities.
The first ore is now expected in 2027, ahead of the previously anticipated 2028 timeline.
The construction for the project is set to begin this year and will involve building a new primary crusher, an overland conveyor, a Non-Process Infrastructure precinct, and a temporary camp for construction workers.
The project will create around 1,000 jobs during construction, with a workforce of approximately 600 once operational.
In a separate release, Rio Tinto revealed the completion of the buyout of Arcadium Lithium plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTM#NYSE">ALTM</a>) <a target="_blank" href="https://www.benzinga.com//node/44158396" rel="noreferrer noopener">for $6.7 billion.</a>
The transaction will integrate Arcadium&#8217;s lithium operations into Rio Tinto&#8217;s portfolio. Arcadium boasts a production capacity of 75,000 tonnes of lithium carbonate equivalent annually, <a target="_blank" href="https://www.benzinga.com/m-a/24/10/41246302/major-tesla-supplier-arcadium-lithium-jumps-over-30-in-pre-market-after-rio-tinto-acquires-company-f" rel="noreferrer noopener">with plans to double by 2028</a>.
Investors can gain exposure to RIO via&nbsp;VanEck Steel ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLX#NYSE">SLX</a>) and NEOS ETF Trust Mast Global Battery Recycling &amp; Production ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EV#NYSE">EV</a>).
Price Action: RIO shares are up 0.33% at $63.96 premarket at the last check Thursday.
Read Next:
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Photo via Shutterstock.

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Rio Tinto's $1.8 Billion Iron Ore Expansion Ramps Up In Australia: Details

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Shares of several companies in the broader industrials space are trading higher amid overall market strength on reports indicating that President Trump will delay auto tariffs.

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Shares of copper stocks are trading higher after US President Donald Trump reportedly suggested imports of the metal could be subject to a 25% tariff. Copper is now trading at a 9-month high.

Shares of gold stocks are trading higher amid a drop in the US dollar index.

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Russia's Putin On Talks With U.S. Says, Next Contacts Between With U.S. Will Focus Primarily On Bilateral Relations; We Could Agree With The U.S. To Cut Defence Budgets, That's A Good Idea; Russia's Putin On Aluminum, Says Russia And U.S. Could Consider Working Together On Aluminum Production, We Could Think Of A Joint Project With U.S. In Russia

Glencore (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GLCNF#OTC">GLCNF</a>) and Rio Tinto (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>), two leading mining companies, are discussing their listings with the London Stock Exchange, <a href="https://www.benzinga.com/topic/mining">albeit for different reasons</a>. 
Swiss-based Glencore is exploring the possibility of moving to the New York Stock Exchange.
&#8220;We want to ensure that our securities are traded on the right exchange, where we can get the right and optimal valuation. If there's a better one, and those include the likes of the New York Stock Exchange, we have to consider that,&#8221; CEO Gary Nagle <a href="https://www.theguardian.com/business/2025/feb/19/glencore-ditch-london-stock-exchange-new-york">said</a> for The Guardian.
Glencore has been on the LSE since its record-breaking $10 billion initial public offering in 2011. Today, the miner belongs to one of the 20 most valuable listings, with a market capitalization of £40 billion ($50 billion).
However, its <a href="https://www.glencore.com/media-and-insights/news/preliminary-results-2024">latest financial result</a> might catalyze a change. It reported a $1.6 billion net loss for 2024, in contrast to the previous year's $4.3 billion profit, as asset impairments weighted it down. 
Zinc and copper smelting assets suffered a $1.5 billion writedown, while South African coal operation value dropped by $600 million. Adjusted EBITDA declined 16% to $14.4 billion, reflecting a weaker commodity environment. While Glencore had previously considered spinning off its coal business in New York, the company ultimately decided to <a href="https://www.benzinga.com/m-a/24/08/40216672/glencore-votes-against-spinning-off-coal-remains-open-to-more-acquisitions">retain the assets</a>, recognizing the demand for fossil fuels in certain markets.
Glencore's potential departure would be yet another significant blow to the LSE, which has lost around 30% of listed companies since 2015. In 2024 alone, LSE saw 88 companies delist or relocate, marking the largest exodus in <a href="https://www.benzinga.com/economics/25/01/43314653/uk-faces-triple-threat-as-economic-uncertainty-hits">over a decade</a>.
Better valuations and favorable financial conditions are offered abroad—particularly in the U.S., which boasts deeper capital pools and no 0.5% stamp duty on share sales.
Meanwhile, Rio Tinto faces pressure to reconsider its London listing and <a href="https://www.benzinga.com/government/regulations/24/12/42334888/rio-tinto-ceo-defends-london-listing-outlines-future-growth-plans">abandon a dual listing structure</a>. Activist investor Palliser Capital recently pushed for the company to consolidate its shares in Australia, arguing that such a move would improve liquidity and potentially boost its market valuation. The global multi-strategy fund claimed that the dual listing has destroyed $50 billion in value and hampered mergers and acquisitions.
However, CEO Jakob Stausholm favors the current structure.
&#8220;We are a global company, we have global investors, and London kind of works for us. I just don&#8217;t believe that you&#8217;re going to change fundamentally your value by swapping exchange,&#8221; he said <a href="https://www.reuters.com/markets/commodities/rio-tinto-reports-smallest-full-year-profit-five-years-2025-02-19/">for</a> Reuters.
Rio Tinto reported its weakest full-year earnings in five years, with underlying earnings falling to $10.87 billion from $11.76 billion in the previous year. While the company remains heavily reliant on iron ore, its expansion into copper and aluminum has helped offset some of the weaker Chinese steel demand.
iShares MSCI United Kingdom ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWU#NYSE">EWU</a>) is up 7.88% year-to-date.
iShares MSCI Global Metals &amp; Mining Producers ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/PICK#BATS">PICK</a>), which contains both Glencore and Rio Tinto, is up 7.55% year-to-date.
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Image: Shutterstock

PICK

Glencore, Rio Tinto Ponder Leaving London Stock Exchange As European Financial Hub Loses Luster

Guidance

Rio Tinto Sees FY25 Production Guidance Is Consistent With Our Investor Seminar, Released On Dec. 4; In 2025 Expect Share Of Capital Investment To Be $11B; Sees 2025 Pilbara Iron Ore Unit Cash Costs $23.0-24.50 Per WMT; Mid-Term Guidance For Our Share Of Capital Investment Is $10B-$11B

Two of the world's largest miners, Rio Tinto PLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) and Vale SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VALE#NYSE">VALE</a>), are set to report their fourth-quarter <a href="https://www.benzinga.com/earnings">earnings on Wednesday</a>.
While both stocks have shown bullish technical signals, investors will be watching closely to see which one has the stronger post-earnings trajectory.
<h2 class="wp-block-heading">RIO: Bullish But Facing Resistance</h2>
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021825&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="629" height="470" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18130942/Screenshot-2025-02-18-at-11.39.24-PM.png" alt="" class="wp-image-787480" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18130942/Screenshot-2025-02-18-at-11.39.24-PM.png 629w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18130942/Screenshot-2025-02-18-at-11.39.24-PM-300x224.png 300w" sizes="(max-width: 629px) 100vw, 629px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021825&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
RIO stock has climbed 9% YTD, with its stock trading above its eight, 20, and 50-day simple moving averages (SMAs) &#8211; a strong technical indicator. 
However, it remains below its 200-day SMA of $64.55, suggesting a potential ceiling for further upside. With an RSI (relative strength index) of 66.54, RIO stock is approaching overbought territory, and selling pressure could lead to some post-earnings weakness.
Read Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/02/43432736/copper-stocks-on-shaky-ground-jpmorgan-analysts-say-tariffs-deepseek-cloud-outlook">Copper Stocks On Shaky Ground, JPMorgan Analysts Say: Tariffs, DeepSeek Cloud Outlook</a>
<h2 class="wp-block-heading">VALE: A Stronger Rebound?</h2>
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021825&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="629" height="470" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18130951/Screenshot-2025-02-18-at-11.39.13-PM.png" alt="" class="wp-image-787483" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18130951/Screenshot-2025-02-18-at-11.39.13-PM.png 629w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/02/18130951/Screenshot-2025-02-18-at-11.39.13-PM-300x224.png 300w" sizes="(max-width: 629px) 100vw, 629px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent021825&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Chart created using Benzinga Pro</a>
Vale, after a brutal 26.3% over the past year, has outpaced RIO so far this year with a 10.98% YTD gain. Like Rio Tinto, Vale is trading above its short-term moving averages, signaling bullish momentum. However, its RSI of 69.71 is higher than RIO's, indicating it&#8217;s closer to overbought levels.
The 200-day SMA at $10.55 could act as resistance, and investors will be watching if earnings provide the catalyst needed to break through.
<h2 class="wp-block-heading">Investor Takeaway</h2>
Technically, VALE appears stronger due to its more aggressive rebound and higher RSI, but it also carries more risk of overheating. 
Meanwhile, Rio Tinto's selling pressure and resistance at its 200-day SMA suggest a potential consolidation.
Earnings will be key in determining which miner has the momentum to continue its rally. If Vale's results impress, it could break through its 200-day resistance, while Rio's performance will need to offset concerns about selling pressure.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/25/02/43492445/critical-metal-demand-to-triple-by-2030-but-demographics-pose-risks">Critical Metal Demand To Triple By 2030, But Demographics Pose Risks</a></li>
</ul>
Image: Shutterstock

Technicals

Previews

Rio Tinto Vs. Vale: Both Mining Stocks Show Bullish Technical Signals Ahead Of Q4 Earnings

The sanction hearing for the Royal Court of Jersey (the "Court") to hear Arcadium Lithium's application to sanction the scheme of arrangement under Part 18A of the Companies (Jersey) Law 1991 has been set on March 5, 2025 at 5:00 a.m. EST (9:00 p.m. AEDT), with closing of the Transaction expected to occur shortly thereafter on March 6, 2025.
 &nbsp;

Arcadium Lithium Gets All Required Pre-closing Regulatory Approvals In Connection With Proposed Acquisition Of By Rio Tinto

Shares of metals companies are trading higher after the US paused tariffs on Canada.

Shares of metals stocks are trading lower following US tariffs on Mexico, Canada and China.

Oil and gold are the first things that come to mind when investors think about mining and exploration stocks, but the sector is far more diverse and expansive than just two commodities.
Coal, natural gas, construction materials like limestone, industrial metals like copper and aluminum, and even the lithium in our batteries, all come from mining companies.
However, mining operations consume immense amounts of time and capital expenditure, so mining companies tend to perform well during economic booms, and poorly during downturns.
As luck would have it, we have a strong economy, low inflation, and a new, business-friendly administration, all pointing to a very good year for mining stocks.
Here are four stocks that are well-positioned for growth through 2025.
<h2 class="wp-block-heading">Rio Tinto Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rio#NYSE">RIO</a>)</h2>
Rio Tinto Group is a diversified large-cap mining company with a $100 billion market cap and operations in numerous industrial metals and materials. Based in Melbourne, RIO trades on several global stock exchanges, including the FTSE, ASX, and the NYSE.
The company was named after the original mine it purchased from the Spanish government in 1871. Over time, RIO has become the world&#8217;s second-largest public mining company, focusing on iron ore, aluminum, copper/diamonds, and energy minerals (like uranium).
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="299" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27165348/RIO-1024x299.png" alt="" class="wp-image-752215" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27165348/RIO-1024x299.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27165348/RIO-300x87.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27165348/RIO-768x224.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27165348/RIO.png 1293w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
RIO shares have a few tailwinds that could benefit investors in 2025. First, the company has been dropping unprofitable coal mining operations to improve efficiency and recently purchased Arcadium Lithium in a $6.7 billion deal to add more properties to its renewable energy portfolio (RIO is now the third largest lithium miner in the world).
Additionally, the company is said to be <a href="https://www.benzinga.com/25/01/43040137/rio-tinto-and-glencore-weigh-historic-merger-shaking-up-global-mining?adt_ei=%7B%7Bemail%7D%7D&amp;he=%7B%7Bemail%7D%7D&amp;el=ResearchDaily">pursuing a merger</a> with Glencore, which would create the largest combined mining company in the world. With demand for copper, aluminum, and lithium expected to increase as more electric infrastructure is built, RIO is set up to be a major beneficiary. The stock is a consensus Buy based on nine analysts covering the stock, and the average price target is $73, representing a 17% upside. Plus, that 7% dividend yield isn't too shabby, either.
[<a href="https://www.benzinga.com/premium/ideas/benzinga-edge/?utm_source=WebRD-0128&amp;el=ResearchDaily&amp;he={{email}}&amp;adt_ei={{email}}">Get a New, High-Potential Trade Every Morning</a>]
<h2 class="wp-block-heading">Constellium SE (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cstm#NYSE">CSTM</a>)</h2>
Constellium was part of Rio Tinto Group but was spun out in 2011 when the company sold its Alcan Engineered Products unit. Today, Constellium is a major manufacturer of aluminum and various related alloys with plants in North America, Asia, and Europe. Constellium is headquartered in Paris and employs over 12,000 full-time workers.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="298" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27165355/CSTM-1024x298.png" alt="" class="wp-image-752216" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27165355/CSTM-1024x298.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27165355/CSTM-300x87.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27165355/CSTM-768x223.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27165355/CSTM.png 1300w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Compared to its former parent company, Constellium is small. The company has a mere $1.5 billion market cap and posted $1.6 billion in revenue last quarter, but it has a high-profile list of clients in the aerospace and automotive industries, including BMW, Mercedes-Benz, Audi, Boeing, and Airbus.
According to analyst reports, the stock is a consensus Buy with an average price target over $20, which would be nearly double the current market price. The company recently announced it's moving to US-based accounting principles (like filing 10K reports with the SEC), which could hint at potential expansion into new US markets. With defense spending expected to increase over the next decade, companies manufacturing lightweight and innovative aluminum products stand to reap the rewards.
<h2 class="wp-block-heading">Alcoa Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aa#NYSE">AA</a>)</h2>
Alcoa Corp. used to be a staple amongst Jim Cramer's most essential earnings calls and guidance reports. Still, the long-time aluminum producer has seen its market cap shrink from nearly $17 billion to just over $10 billion in the last three years.
Year-over-year revenue growth declined for seven consecutive quarters starting in Q3 2022, and 2023 full-year gross profit was a disappointing $738 million (down from $2.2 billion in 2022). However, the last two quarterly reports have shown that revenue is growing again, and the stock is positioned fundamentally and technically for a turnaround.&nbsp;
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="298" src="https://editorial.benzinga.com/wp-content/uploads/2025/01/AA -1024x298.png" alt="" class="wp-image-752217" /></figure>
Alcoa primarily produces aluminum and bauxite and operates in 10 countries, including the United States, Australia, Iceland, and several Caribbean nations. At its peak in the bull market in 2022, the stock traded near the $90 range.
Today, it sits around $40 and only has a Hold rating and a $43 price target based on 15 analyst reports. However, revenue growth has returned, and the stock's 200-day moving average could act as a support level for a continuing uptrend.&nbsp;
<h2 class="wp-block-heading">BHP Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bhp#NYSE">BHP</a>)</h2>
BHP is the world's largest mining company, with a market cap of over $125 billion and operations in materials like iron core, copper, zinc, gold, silver, uranium, and more. The company is based in Australia but has mines worldwide, including domestic operations in Queensland and Western Australia, plus international extraction sites in Canada, Brazil, and Chile.
BHP's copper operations are expected to be a main profit driver over the next few decades as the material is required for EV batteries, data center grids, and other electrification projects. The company expects copper demand to increase by 70% by 2050, and recent output from the Escondida mine in Chile has significantly boosted BHP's production.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="298" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27165445/BHP-1024x298.png" alt="" class="wp-image-752219" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27165445/BHP-1024x298.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27165445/BHP-300x87.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27165445/BHP-768x223.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27165445/BHP.png 1300w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Additionally, the company has found another profit driver: potash! BHP has become one of the largest potash producers, a water-soluble potassium mineral commonly used in fertilizer. Based on coverage from eight different analysts, BHP shares are currently a consensus Buy, with an average price target of $67 (indicating a potential 34% upside from the current market price).
The valuation looks cheap with a 16.1 P/E ratio, and the stock also pays a hefty 5.8% dividend yield. BHP is also a serial M/A participant, and that type of business is expected to pick up under a merger-friendly Trump administration.
Simplify your strategy with a daily, carefully curated stock pick designed for profit potential, complete with expert analysis and actionable insights. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge/?utm_source=WebRD-0128&amp;el=ResearchDaily&amp;he={{email}}&amp;adt_ei={{email}}">Get My Trades.</a>
Image via Shutterstock

Small Cap

Opinion

CSTM

4 Mining Stocks to Buy for a Booming 2025

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 11 unusual trades.
Delving into the details, we found 54% of traders were bullish, while 27% showed bearish tendencies. Out of all the trades we spotted, 9 were puts, with a value of $928,577, and 2 were calls, valued at $69,620.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $52.5 to $75.0 for Rio Tinto over the last 3 months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Rio Tinto stands at 1673.56, with a total volume reaching 2,468.00. 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 $52.5 to $75.0, throughout the last 30 days.
<h3>Rio Tinto Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1738005316_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</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>NEUTRAL</td>
<td>03/21/25</td>
<td>$15.4</td>
<td>$13.6</td>
<td>$15.2</td>
<td>$75.00</td>
<td>$466.6K</td>
<td>136</td>
<td align="right">308</td>
</tr>
<tr>
<td>RIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$2.55</td>
<td>$2.45</td>
<td>$2.45</td>
<td>$57.50</td>
<td>$109.5K</td>
<td>1.6K</td>
<td align="right">542</td>
</tr>
<tr>
<td>RIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$3.6</td>
<td>$3.5</td>
<td>$3.5</td>
<td>$60.00</td>
<td>$87.8K</td>
<td>9.1K</td>
<td align="right">294</td>
</tr>
<tr>
<td>RIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$4.8</td>
<td>$4.7</td>
<td>$4.8</td>
<td>$57.50</td>
<td>$65.7K</td>
<td>440</td>
<td align="right">138</td>
</tr>
<tr>
<td>RIO</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$3.5</td>
<td>$1.6</td>
<td>$3.5</td>
<td>$60.00</td>
<td>$60.5K</td>
<td>9.1K</td>
<td align="right">467</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.
In light of the recent options history for Rio Tinto, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Rio Tinto's Current Market Status</h3>
<ul>
<li>With a volume of 1,445,321, the price of RIO is down -0.81% at $61.59. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 23 days.</li>
</ul>
<h3>What Analysts Are Saying About Rio Tinto</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $73.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Jefferies continues to hold a Buy rating for Rio Tinto, targeting a price of $73. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Rio Tinto with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Rio Tinto Unusual Options Activity

Tropical Cyclone Sean delivered record rain along parts of the Pilbara coastline of Western Australia, impacting Rio Tinto rail and port operations.
A railcar dumper at the East Intercourse Island (EII) port facility, which shipped 45 million tonnes of total Rio Tinto Iron Ore shipments in 2024, was flooded after the weather event passed the coast, delivering 274mm to Karratha during January 20, 2025.
The company is working to mitigate impacts and will provide an update at its full year results on 19 February 2025.

Rio Tinto Provides Iron Ore Update After Tropical Cyclone Sean; Q1 Shipments Will Be Affected, Overall Shipment Guidance For 2025 Remains Unchanged

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: 
<ul>
<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>
Image: Shutterstock

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ARREF

TSX:ARG

TSX:CS

TSX:LUN

TSX:TKO

TSXV:USHA

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