Rio Tinto Limited (AU:RIO) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Rio Tinto Limited is showcasing its hydro-powered aluminium operations and the world’s largest critical minerals complex in Quebec, Canada, to financial experts, highlighting a strong outlook for aluminium demand and its strategies to enhance profitability by 2030. The company’s focus on operational excellence, technology, and recycled materials, coupled with access to the lucrative North American market, is expected to significantly boost EBITDA margins and Return on Capital Employed. Additionally, Rio Tinto is setting ambitious targets for its Iron & Titanium business, including a planned increase in high-grade iron ore production capacity.
For further insights into AU:RIO stock, check out TipRanks’ Stock Analysis page.