RIO Stock Recent News

MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto will begin early works and conduct final engineering studies to increase production capacity at the Amrun bauxite mine on Cape York Peninsula in Far North Queensland, aiming for first output as early as 2029. The project, named Kangwinan at the request of Traditional Owners, the Wik Waya people, will involve building a new mine and expanding the existing port to almost double bauxite production from Rio Tinto's Weipa Southern operations, where Am.

Rio Tinto and Codelco formed a joint venture to develop a high-grade lithium project in Chile's Salar de Maricunga, strengthening RIO's lithium exposure. The $900 million investment comes as lithium prices are depressed, positioning RIO and Codelco to benefit from a potential commodity price rebound by 2030. Despite the major announcement, RIO shares remained steady, reflecting current lithium market weakness but offering long-term upside through commodity cyclicality.

Global miner Rio Tinto , will tackle one of the biggest technological challenges in the lithium industry as it takes the lead in Chile's first major project involving the battery metal in years, alongside state-run copper producer Codelco.

RIO and Codelco sign an agreement to form a joint venture for a lithium project in Chile's Salar de Maricunga.

Rio Tinto Ltd has struck a landmark deal with Chilean state miner Codelco to jointly develop a high-grade lithium project in the Salar de Maricunga, tapping further into the intensifying global race for critical minerals. Under binding agreements announced today, Rio will acquire a 49.99% stake in Salar de Maricunga SpA – the Codelco-owned entity holding licences and concessions in the lithium-rich salt flat – by funding up to US$900 million across project studies and development stages.

Rio Tinto earmarks $1.2 billion for the modernization of hydroelectric power plant in Quebec to secure the future of low-carbon aluminum production.

SANTIAGO, Chile--(BUSINESS WIRE)--Rio Tinto and Corporación Nacional Del Cobre de Chile ("Codelco") have signed binding agreements to form a joint venture to develop and operate a high-grade lithium project in the Salar de Maricunga in Chile. The agreement is the next step in a broader strategic partnership to strengthen both Rio Tinto's and Chile's positions as leading suppliers of materials for the global energy transition. Salar de Maricunga is a large lithium-containing resource base in the.

Rio Tinto offers a compelling 7.2% dividend yield and a strong balance sheet, supporting its appeal to income-focused investors. Despite short-term headwinds in iron ore and Chinese demand, growth projects like Simandou, Resolution, and Arcadium Lithium drive future diversification. Valuation remains attractive with low P/E and EV/EBITDA multiples compared to peers, suggesting the market undervalues Rio's long-term potential.

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