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Price · 180d
$106.39
Thesis
Rio Tinto is a major diversified miner expanding its copper exposure while iron ore remains its largest earnings driver. Its scale and balance sheet support large, long-lived projects across the cycle.
Catalysts
- Ramp-up of the Oyu Tolgoi underground copper mine in Mongolia
- Copper price strength on electrification demand
- Lithium and other critical-minerals investments