On the back of iron ore market euphoria (even though it normalised in H2 21), and ample support from aluminium and copper, Rio Tinto reported record profitability and shareholder rewards. While various price, cost and/or volume challenges/risks lie ahead, Rio is well-positioned to avert any worrisome performance erosion and at the same time stay committed to its growth and sustainability improvement measures. Hence, our positive stock recommendation is reiterated.
24 Feb 2022
‘Record’ results and rewards; now focus on ESG improvements and growth investments
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‘Record’ results and rewards; now focus on ESG improvements and growth investments
Rio Tinto plc (RIO:LON) | 5,495 6374.2 2.2% | Mkt Cap: 68,825m
- Published:
24 Feb 2022 -
Author:
Varun Sikka -
Pages:
5
On the back of iron ore market euphoria (even though it normalised in H2 21), and ample support from aluminium and copper, Rio Tinto reported record profitability and shareholder rewards. While various price, cost and/or volume challenges/risks lie ahead, Rio is well-positioned to avert any worrisome performance erosion and at the same time stay committed to its growth and sustainability improvement measures. Hence, our positive stock recommendation is reiterated.