3D·

Rio Tinto PLC Ralley

Grüezi well, dear community !

I am slowly beginning to wonder whether I should sell some of my shares $RIO (-3.97%) should I sell some of my shares, as the price has already dropped quite a bit. Of course, they are in my portfolio as a B&H investment, but as it is a cyclical stock, I'm no longer so sure whether I should take some with me and get back in later (lower).

What do you say?

7 Comments

Ruben Schoff@Sand

There will be big dividends in the next few quarters, I will hold and buy again on setbacks as my position is not yet too large.

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Sansebastian@Sansebastian

I don't know to what extent $RIO produces copper. But the price of copper is rising at the moment.

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Max W.@axlemaxle

@Sansebastian Obviously it can go much higher. The price in CHF was already over 100, but that was 19 years ago. 😂

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Chris@Chris98_

I will definitely remain invested 😃 With the probable acquisition of Glencore, one of the world's largest copper producers, $RIO will have a lot of potential for the future. 😁 RIO is also active in copper production itself.

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Jens B.@Greenbug

Let profits run. I can't see any weakness yet and the economic environment is more in favor of high copper demand. With high inflation, commodity stocks are always an anchor.

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Max W.@axlemaxle

Thank you very much for your answer!
I spoke to my cousin the other day, he works at BHP in Australia & said that everything is on the up and up internally 📈 especially at competitor Rio Tinto. 😅🥳

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Jens B.@Greenbug

@axlemaxle Glad to hear it. 👍

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