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Rio Tinto Expands into Lithium with ENAMI Agreement

Story Highlights
  • Rio Tinto announced its total voting rights and issued capital on July 1, 2025.
  • Rio Tinto and ENAMI signed a binding agreement for a lithium project in Chile on July 24, 2025.
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Rio Tinto Expands into Lithium with ENAMI Agreement

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Rio Tinto Limited ( (AU:RIO) ) has issued an announcement.

On July 1, 2025, Rio Tinto plc announced its total voting rights and issued capital, reporting an issued share capital of 1,255,977,208 ordinary shares, with 1,947,902 held in treasury. This update is crucial for shareholders and stakeholders as it impacts voting rights and dividend calculations. Additionally, on July 24, 2025, Rio Tinto and ENAMI signed a binding agreement for the Salares Altoandinos lithium project in Chile, marking a strategic expansion into lithium, a key component for electric vehicle batteries, potentially enhancing Rio Tinto’s market positioning in the growing renewable energy sector.

The most recent analyst rating on (AU:RIO) stock is a Buy with a A$125.00 price target. To see the full list of analyst forecasts on Rio Tinto Limited stock, see the AU:RIO Stock Forecast page.

More about Rio Tinto Limited

Rio Tinto Limited is a leading global mining group that focuses on the extraction and production of minerals and metals, including iron ore, aluminum, copper, and diamonds. The company operates across various continents and is a significant player in the mining industry, with a market focus on sustainable and efficient resource extraction.

Average Trading Volume: 1,604,002

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$157.4B

For an in-depth examination of RIO stock, go to TipRanks’ Overview page.

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