6Lun·

Rio Tinto
$RIO (-1,34 %) raises copper forecast to change everything

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The British-Australian mining group Rio Tinto has significantly revised its investment forecast up to 2025 and plans to significantly increase copper production in the coming years.


Rio Tinto expects average annual growth of three percent from 2024 across all business areas. The planned 50 percent increase in production at the Mongolian operations in particular is driving the copper ambitions.


The company wants to increase its annual copper production to one million tons by 2030. "With the commissioning of the Oyu-Tolgoi underground copper mine in Mongolia, the implementation of the Simandou project for high-grade iron ore in Guinea and the expansion of our lithium business through the planned acquisition of Arcadium, we are setting the course for a decade of profitable growth," explained CEO Jakob Stausholm.

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12 Comentarios

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I am currently looking at Rio Ink. Which should I choose GB because of the withholding tax or AUT because of the $?
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@Iwanowitsch always GB 😉
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In terms of copper, I opted for Freeport McMoRan $FCX and Aurubis $NDA (the largest copper recycling company)
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@7Trader I'm going with Arubis and am on the watch, actually wanted to get in before the quarterly figures, but you have to set priorities somewhere 😉
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@7Trader Whether today or tomorrow, the stock market keeps on giving, it just depends on the candidates 😉
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@7Trader and RIO will become the plus ultra one way or another over time...
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@SAUgut77 I wish you well, but keep in mind that things can always turn out differently than you think.

Be prepared 😎🤞🏼
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@7Trader i'm kepp them well for Future ✌️
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commodities are very cyclical, the dividend saves when the price goes down
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@tomtom38 That's why we always buy anti-cyclically
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I'm beginning to think that some people post something just to have posted something... already inflationary. Benefits for posting should be abolished again .
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@MichaKZG may be true for one or the other, but personally I feel 0% addressed by your statement.

I have been posting for a long time and long before there were any benefits...and only about the values of my portfolio.

I see it more as positive content and a good opportunity not only to take something from the community, but also to give something back 😉

In addition, some forums of the individual titles are filled with useful contributions or information that perhaps not everyone has on the screen or even missed, so what's your problem with that 🤷‍♂️
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