Rio Tinto: Lowering Our Estimates, With Still A Positive View
RIORio Tinto(RIO) Seeking Alpha·2024-07-25 11:54

JHVEPhoto Here at the Lab, we have a good grip on mining coverage, and today, after the Q2 production results, we are back to comment on Rio Tinto Group (NYSE:RIO, OTCPK:RTPPF, OTCPK:RTNTF). In our last analysis, we reported sector upside: 1) China's challenges are not cyclical but structural, 2) Diversification is a plus and has clear benefits, 3) CAPEX requirements and regulators will limit future capacity and 4) supportive iron ore demand with a deficit environment on the copper. That said, we also suppo ...