Aluminum TariffsIncreased tariffs on US imports of aluminum from Canada are likely to negatively affect Rio Tinto, as the company is a major producer of aluminum in Canada.
Iron Ore PricesEscalating trade tensions between the US and China, along with weaknesses in the Chinese property markets, are expected to negatively impact iron ore prices, which is a concern for Rio Tinto.
Lithium InvestmentsRio Tinto's investments in lithium carry the risk of rising capital intensity and potentially low returns if their optimistic view on lithium does not materialize.
Political Risks In MongoliaPolitical developments in Mongolia pose a risk for Rio Tinto, especially since the Oyu Tolgoi project is expected to become a more significant contributor to the company's earnings.
Strategic DirectionThe uncertainty around Rio Tinto's strategic direction due to the upcoming CEO succession creates a risk for the company.