AllAnalyst Report
logoMorningstarSeptember 20, 2024

Rio Tinto Group: Commodity Price Update September 2024: Mineral Resources, Iluka, and Coal Miners the Cheapest

Symbols
RIO
Sector(s)
Basic Materials
Rating
Current Price
$67.42
Fair Value
Economic Moat
Stewardship
Summary

Rio Tinto is a global diversified miner. Iron ore is the dominant commodity, with significantly lesser contributions from copper, aluminum, diamonds, gold, and industrial minerals. The 1995 merger of RTZ and CRA, via a dual-listed structure, created the present-day company. The two operate as a single business entity, with shareholders in each company having equivalent economic and voting rights. Major assets included the Pilbara iron ore operations, a 30% stake in the Escondida coppe

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