London-headquartered Rio Tinto plc is one of the longest-established diversified mining companies in the world, with exposure to iron ore in Australia and Canada (it is the world’s largest iron ore producer), aluminum, lithium, and copper, as well as borates and titanium, which it is looking to dispose of. It is focusing on growth in copper – it owns a majority interest and operates the giant Oyu Tolgoi mine in Mongolia.
Income Investor
Rio is for investors looking at add to their geographically diversified exposure to strategic metals and minerals. The vast majority of Rio’s assets are in politically stable and mining-friendly jurisdictions, such as Australia, Canada, Chile, and the US. Compared with other mining stocks, such as Teck, Rio has lagged due to operational issues and concerns over its exposure to commodities such as coal and iron ore that are regarded as less attractive. With the management change and focus on the three main divisions, Rio looks set to both perform better and be rerated. - Gavin Graham
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RIO was first recommended here on September 26, 2025