Iron ore yet again proved to be Rio’s biggest strength – accounting for 90% of 2019 profits. However, the group is yet to capitalise and deliver in high-potential aluminium and copper. Given Rio’s material Chinese business exposure, the Coronavirus uncertainty should be another (big) burden. Fortunately, the group’s balance sheet strength and absence of coal exposure (unlike peers) should be helpful in withstanding the on-going difficulties/uncertainties.
26 Feb 2020
Strongest ‘operating profitability’ since 2011; although, the non-iron ore divisions remain disappointing
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Strongest ‘operating profitability’ since 2011; although, the non-iron ore divisions remain disappointing
Rio Tinto plc (RIO:LON) | 5,019 1957.4 0.8% | Mkt Cap: 62,863m
- Published:
26 Feb 2020 -
Author:
Varun Sikka -
Pages:
4
Iron ore yet again proved to be Rio’s biggest strength – accounting for 90% of 2019 profits. However, the group is yet to capitalise and deliver in high-potential aluminium and copper. Given Rio’s material Chinese business exposure, the Coronavirus uncertainty should be another (big) burden. Fortunately, the group’s balance sheet strength and absence of coal exposure (unlike peers) should be helpful in withstanding the on-going difficulties/uncertainties.