Rio Tinto $RIO (-0.07%)
$RIO (+1.47%) is currently exploring a possible share swap with Chinalco that would reduce the Chinese investor's 11% stake, allowing Rio to resume buybacks and pursue new strategic deals, three people familiar with the matter told Reuters.

State-owned mining giant Aluminum Corporation of China Limited (Chinalco) would swap part of its stake for partnerships in some of Rio's mining assets, ending governance restrictions that have limited the Anglo-Australian company's flexibility for more than 15 years, the sources said.

The swap could allow Rio to allocate capital and pursue mergers and acquisitions more decisively, in line with a general trend in the industry as global mining companies use consolidations and new projects to attract investors focused on long-term supply prospects.

》RIO ASSETS THAT MAY BE OF INTEREST TO CHINALCO《

As Western governments strive to catch up with China's dominance in critical minerals supply chains, Beijing's push to expand in copper is being increasingly scrutinized.

For this reason, Rio assets that could be of interest to the Chinese state-owned company are the Simandou iron ore project in Guinea, which is already 75% Chinese-owned and was the target of a failed takeover attempt by Chinalco in 2016, and the Oyu Tolgoi copper mine in Mongolia, a fourth source said.

Another possible swap could include Rio's titanium business, which is currently undergoing a strategic review as part of a comprehensive restructuring by new CEO Simon Trott, according to another source.

China, the world's largest producer and consumer of titanium dioxide, which is used in paints, cosmetics and military equipment, has expanded its production over the past decade and now dominates more than half of the global market.

Geomega Resources Inc. $GMA through its subsidiary Innord Inc. has signed a Joint Development Agreement (JDA) with Rio Tinto $RIO (-0.07%)
$RIO (+1.47%) a Joint Development Agreement (JDA) for its bauxite residue recovery technology.

The agreement includes the acquisition by Rio Tinto of a demonstration license for circuits 1 and 2 of the technology, which could lead to the construction of a demonstration plant in Saguenay, Quebec.

The technology is expected to help Rio Tinto improve the environmental footprint of aluminum refining by reducing the storage of tailings while recovering direct reduced iron (DRI) and key minerals such as rare earth concentrate and titanium concentrate.

Geomega will receive payments of up to $4.5 million as construction of the demonstration plant progresses. The company will retain ownership of the intellectual property rights to the technology.

The mining group Rio Tinto$RIO (-0.07%)
$RIO (+1.47%) once again achieved quarterly production records in its bauxite business and at the Oyu Tolgoi copper mine in Mongolia in the third quarter of 2025, according to a company press release.

The Group's copper equivalent production increased by 9% year-on-year in the third quarter. Copper production is on track to reach the upper end of the annual forecast of 780 to 850 kilotons, which is attributable to the ongoing ramp-up of the Oyu Tolgoi mine. The underground expansion of Oyu Tolgoi remains on schedule to increase copper production by more than 50% this year.

Rio Tinto's iron ore operations in the Pilbara region achieved the second highest third quarter shipments since 2019 at 84.3 million tons, an increase of 6% on the previous quarter. The company expects iron ore deliveries for 2025 to be at the lower end of the forecast range of 323 to 338 million tons.

The company has a solid dividend yield of 4.51% and annual sales of USD 53.73 billion, cementing its position as one of the leading players in the global mining sector.

Due to the strong performance, particularly at the Amrun site, Rio Tinto raised its annual forecast for bauxite production from 57-59 million tons to 59-61 million tons. Bauxite production reached 16.4 million tons in the third quarter, an increase of 9 % compared to the previous year.

Simon Trott, Chief Executive of Rio Tinto, said: "We are on track to meet the 2025 production guidance, having revised the forecast for bauxite upwards this quarter, and are well positioned to deliver compelling medium-term production growth."

Rio Tinto $RIO (-0.07%)
$RIO (+1.47%), Mitsui $8031 (+0.26%) and Nippon Steel $5401 (+1.12%)
$NPSCY have committed to a joint investment of US$733 million, with Rio Tinto contributing US$389 million, to develop the West Angelas Sustaining Project, part of the Robe River Joint Venture in the Pilbara region of Western Australia. The project has received all necessary approvals from state and federal authorities.

Rio Tinto said the initiative will develop new iron ore deposits in the West Angelas Hub, maintain its annual production capacity of 35 million tons and expand mining well into the future. It will utilize existing processing infrastructure and build new non-processing infrastructure facilities and 22 kilometers of haul roads.

Ore from the new deposits will be transported autonomously to the hub, with first production expected in 2027. Around 600 jobs will be created during the construction phase and once operational, the project will support around 950 full-time positions.

This development is part of a series of replacement projects by Rio Tinto in Pilbara, which together aim to maintain a total production capacity of approximately 130 million tons per annum.

In addition, the pre-feasibility study for Rhodes Ridge, an undeveloped iron ore deposit with a targeted initial capacity of up to 40 million tons per annum, with first ore expected by 2030, is progressing.

The Robe River Joint Venture is owned by Rio Tinto (53%), Mitsui Iron Ore (33%) and Nippon Steel (14%).

Nano One Materials $NANO (+7.01%) heralds a promising future by successfully pre-qualifying lithium from Rio Tinto $RIO (-0.07%)
$RIO (+1.47%) for the production of LFP cathodes. With its innovative one-pot technology, Nano One is opening up new possibilities in the production of cathode materials, which play a key role in lithium-ion battery technology.

The Canadian-based company is making visible progress in its strategic partnerships, seeking to strengthen its technology licensing model and pave the way for the establishment of future production facilities. Alex Holmes, Chief Operating Officer of Nano One, emphasizes the importance of working with established industry players such as Rio Tinto to deftly navigate the challenges of modern supply chains.

Rio Tinto, a prominent player in the global commodities industry and one of the leading suppliers of lithium, has ambitious plans to expand its capacity. This partnership with Nano One is a testament to its ongoing efforts to provide critical minerals for sustainable energy storage. In particular, recent advances in feedstock pre-qualification have focused on lithium sources from Argentina to increase diversity and efficiency of sourcing.

This partnership is in line with the goal of licensing proven cathode technologies more efficiently and accelerating the commercialization of these technologies. It also helps to stabilize the regional supply of LFP cathode materials, which is increasingly important given the growing global demand for innovative energy storage solutions. Increased regional supply ensures a reliable response to global requirements in a rapidly changing energy market.

According to Reuters, the US Defense Logistics Agency (DLA) plans to buy up to USD 40 million (£29.62 million) worth of scandium oxide from Rio Tinto over the next five years to boost US defense stocks. $RIO (-0.07%)
$RIO (+1.47%) over the next five years to boost US defense stocks.

The move is aimed at ensuring a stable supply of scandium, a rare earth element (REE) that is critical to the Western defense and technology sectors after China imposed export controls.

The agency intends to purchase 6.4 tons of scandium oxide over a five-year period, starting with nearly 2 tons in the first year.

This initial purchase represents about 5% of last year's global scandium oxide production, which according to the US Geological Survey was 40 tons, with current production capacity at 80 tons.

The DLA stated in a document: "Until recently, scandium was sourced primarily from China.

In late 2024, China implemented export controls on scandium, which restricted the supply chain and led to this acquisition for the National Defense Reserve.

"Rio Tinto Services Inc. was identified as the only supplier capable of meeting the government's product needs in the capacity required for the contract."

Rio Tinto said it was actively working with the US government to identify opportunities and leverage available support to increase domestic production and strengthen supply chains for the US market, according to media reports.

In an emailed response, Rio Tinto told Reuters: "Rio Tinto is uniquely positioned to help secure materials that are critical to America's future."

In August this year, the US government granted Elk Creek Resources, a subsidiary of NioCorp Developments, up to $10 million to bolster domestic resources.

Despite these efforts, the government still relies on foreign sources for the material, which is essential for various defense systems, according to the release.

Rio Tinto scientists made a breakthrough in 2020 by developing a method to extract high-purity scandium oxide from waste streams in the production of titanium dioxide, eliminating the need for additional mining.

The Canadian plant in Quebec, which produced its first batch of scandium oxide three years ago, now has an annual production capacity of 3 tons.

In July, Rio Tinto announced that it will incur gross costs of up to $300 million in the first half of 2025 due to US tariffs on its primary aluminum exports from Canada.

》Perhaps a good lever to talk about the tariffs, not that the US government will have to pay tariffs afterwards 😅 《

Subscribe to the podcast to make buying dip worthwhile.

00:00:00 Market environment & FED

00:25:00 Novo Nordisk & Viking Therapeutics $NVO (+0.16%)
$VKTX (+1.88%)

00:45:00 BYD $1211 (-0.32%)

01:18:30 BHP Group $BHP (-0.31%)

01:39:30 Rio Tinto $RIO (-0.07%)
$RIO (+1.47%)

01:49:15 Palantir & Data Protection $PLTR (+2.47%)

Spotify

https://open.spotify.com/episode/0jDbLBebz6PuMalm2BAB79?si=q1TLdAP9RHiDVdse_LR9tQ

YouTube

https://www.youtube.com/watch?v=Kg9xD1t0NzE

Apple Podcast

https://podcasts.apple.com/us/podcast/108-byd-novo-nordisk-palantir-bhp-rio-tinto/id1695869891?i=1000723350120

A portfolio that supports long-term, solid growth and remains balanced. The focus is on global diversification, strong dividend payers, stable industry leaders and a targeted admixture of future-oriented stocks, including in the crypto sector.

✅ = already available

👀 = on the watchlist, interesting in terms of price soon

❌ = not yet interesting in terms of price at present

ETF selection

• FTSE All World ✅ = Global basis, broadly diversified. $VWRL (+0.66%)
• 
  MSCI World Tech ✅ = Focus on innovative technology stocks.
• Defense USD 👀 = Stability through defense and security.
• FTSE High Dividend 👀 = Dividend-oriented addition.

Single stock focus

Energy & commodities:

Shell ✅, Chevron 👀, Exxon 👀, Rio Tinto ❌ $SHEL (+0.1%)
$CVX (-0.68%)
$XOM (-0.42%)
$RIO (+1.47%)

Insurers & reinsurers:

Munich Re ✅, Hannover Re 👀, Swiss Re ❌, Allianz ❌, Swiss Life AG ❌ $ALV (+0.34%)
$SREN (+0.97%)
$SLHN (+0.65%)
$HNR1 (-0.27%)
$MUV2 (+0.48%)

Finance & payment transactions:

Brown & Brown ✅, Marsh & McLennan 👀, Visa ✅, Mastercard ❌, PayPal 👀 $PYPL (+1.25%)
$BRO (-0.56%)
$MMC (-0.39%)
$V (+0.37%)
$MA (+0.14%)

Technology & data:

Alphabet 👀, NVIDIA ❌ , Palantir ❌,

Amazon 👀, Apple ❌, Microsoft ❌, Baidu 👀

Alibaba ✅ $BABA (+1.89%)
$9888 (+1.74%)
$AAPL (+1.67%)
$GOOGL (+2.31%)
$PLTR (+2.47%)
$NVDA (+1.59%)

Health & consumption:

Novo Nordisk ✅, Zoetis 👀, Coca-Cola ❌, Walmart ❌, United Health 👀 $UNH (+1.1%)
$NOVO B (+0.2%)
$ZTS (+0.11%)
$KO (-0.08%)
$WMT (-0.34%)

Automotive & Mobility:

BMW ❌, Mercedes 👀, Tesla ❌ $TSLA (-2.56%)
$BMW (+0.78%)
$MBG (+0.64%)

Cryptos

• XRP ✅ $XRP (+3.8%)
• 
  RENDER ✅ $RENDER (-1.39%)
• 
  Bitcoin (BTC) ❌ $BTC (+0.55%)
• 
  Solana (SOL) ✅ $SOL (+1.02%)
• 
  Ethereum (ETH) ❌ $ETH (+1.44%)

For the weekend

Strategy remains: Patience, discipline and an eye for opportunities.

📈🌾

Hello everyone,

Since I and my portfolio have recently exceeded the €50,000 mark, I wanted to take this as an opportunity to present my portfolio and my strategy to you. I look forward to your opinion, assessment, criticism and potential for improvement.

About me: I am still 29 years old and work as a team leader in an industrial company in the building materials sector. In terms of education, I feel I've been through all the stages - from a qualifying secondary school certificate to A-levels and a bachelor's degree to a master's degree. The only thing missing is a doctorate 😌

About the overall strategy: My assets are divided between my share portfolio, a condominium and a call money account. I live in your apartment myself. I wouldn't consider renting or real estate as an investment because I think the risks of having to invest money again are too high. You can also suspend the savings plan in your portfolio from time to time. So the apartment is held for as long as it is occupied and then sold when I buy a house.

About the equity strategy: I'll try to summarize this briefly

• Allocation: core-satellite strategy. So core for me is any ETF, satellites are the individual stocks. Core should make up about 80 percent, the individual stocks 20 percent. The buy-in for the individual stocks is always 2000 euros.
• Selection: Dividend strategy - the dividends of the ETFs are reinvested in them, the dividends of the individual shares go into an ETF.
• Buy and hold
• Special feature: I received a loan from a close relative for my apartment, which is repayable on maturity after 8 years. Due to some lucky coincidences, I had the money back together one year after the purchase. So instead of letting it sit in an overnight deposit, I invested it at the beginning of 2024 - with very good timing.

Stock selection and savings plan:

• $VHYL (+0.28%) The big core - I think the ETF is good because it is broadly diversified and has a good, reliable distribution. I am not currently saving in the ETF. Only the remaining shares from the beginning of 2024 are transferred from the second custody account (I transfer cash to a separate account and make a custody account transfer from the second custody account to mine. The loan amount will then accumulate there).
• $VWRL (+0.66%) Will be my new second large core and therefore currently saved with 500 euros per month.
• The following individual securities are currently fully saved: $ALV (+0.34%)
  $BAS (+0%)
  $EOAN (+0.17%)
  $BATS (-0.17%)
• As soon as the core share is over 80 percent, further shares are transferred from the second portfolio. $SIE (+1.15%) shares are transferred from the second portfolio. The total buy-in is therefore also EUR 2000.
• The following stocks are still included in the second portfolio and are transferred bit by bit - whenever there is money and depending on the core share in my portfolio: $VHYL (+0.28%)
  $VWRL (+0.66%)
  $PEP (+0.27%)
  $SIE (+1.15%)
  $DHL (-0.15%)
  $VOW (+1.73%)

Further strategy:

At the moment I feel comfortable with the strategy and until all individual stocks etc. have been transferred to the main portfolio. It will take some time before all the individual stocks etc. are transferred to the main portfolio. In the long term, I am considering $TDIV (+0.18%) with a 10 percent share. I will then select individual stocks in the future, but e.g. $RIO (+1.47%) , $MUV2 (+0.48%) or $MAIN (-0.05%) I could well imagine.

Looking forward to your comments on this boring strategy 😌

I have currently received around €6000 from my building society savings and am still a little undecided about what to do with it.

The easiest, probably not the most profitable, option would be to simply invest the money through my savings plans over the next 4 months.

The second, the "boring" one, would be to invest it all in my MSCI World.

The third would be to invest in individual stocks. However, at the moment I can't find many that are interesting for me (some from the pharmaceutical sector $UNH (+1.1%) , $SAN (+2.29%) or $RIO (+1.47%) or $FANG (-0.68%) from the commodities/oil sector)

What would you advise or which positions are interesting for you at the moment?