Rio Tinto Share Discussion Threads

[craftyale] 22/8/2023 12:24

Over the last number of years 4500p has been a decent price to invest further. A good day today. When RIO moves up well I'm a happy camper.

[misca2] 19/8/2023 12:16

7% dividend yields! 2 FTSE 100 shares I’m considering buying following the recent mini-crash

These FTSE 100 shares offer spectacular all-round value. Here’s why I’m aiming to snap them up for my portfolio when I next have cash to invest.

Royston Wild❯

Published 19 August, 7:31 am BST



As a value investor I’m always looking for opportunities to buy beaten-down bargains. So a sudden fall in the value of many FTSE 100 shares in recent days has grabbed my attention.

Mounting concerns over China’s economy have driven the FTSE’s fresh decline. But I’m confident that the index will eventually recover, and that individuals who invested at current levels could make a packet. It’s a strategy that billionaire investor Warren Buffett has used to build his incredible wealth.


The past isn’t always a reliable guide to what comes next. However, history shows us that economic crises come and go, and that stock markets always bounce back strongly following periods of weakness.


With this in mind, here are two FTSE 100 stocks I’m thinking of buying today. I believe they could soar in value over the next decade.



1. Rio Tinto

Property firm Evergrande’s claim for US bankruptcy protection shook the share prices of mining stocks again last week. The application has reignited fears over China’s property sector and darkened the outlook for future commodities demand.

Rio Tinto (LSE:RIO) is one of many metals producers whose share prices have toppled in the gloom. The company’s reliance on iron ore — a key steelmaking ingredient — to drive profits leaves it especially vulnerable to a construction industry collapse.

But at current prices I still find the FTSE share very attractive. Not only does it trade on a forward price-to-earnings (P/E) ratio of 8.6 times, it also carries a mighty 7% dividend yield at a current price of £45.65.

At these levels, I think the threat of a sharp slowdown in Chinese commodities demand is baked in. In fact, continued monetary support from Beijing suggests that a painful downturn could be averted altogether.

I think Rio Tinto shares are attractive for long-term investors like me. As the green economy takes off, demand for industrial metals could rise strongly over the next decade. Rapid emerging market urbanisation and rising digitalisation could also push commodities consumption skywards, pulling Rio’s share price with it.

[fuji99] 18/8/2023 15:13

Spud: You are correct but when the US sneezes the rest of the world catches flue.
I don't think what is happening is specific to any UK sector (except Retailers and House Builders due to high interest rates and inflation). The downtrend is across the board and behaving as if the markets are anticipating a possible correction. It's logical to expect a severe correction at some point if the negative trend continues. This is without taking into account the outcome of Russia/Ukraine conflict and its future effects, China possibly attempting to invade Taiwan and the BRICS becoming an economic threat to the West. Everything seems different of the classical cycle of recession/jobs losses/low inflation/followed by a recovery within one to two years. It appears to me that the markets horizon is becoming cloudy with a big question mark.

[cassini] 18/8/2023 14:45

To be fair, he did say 'S&P/DOW/Nasdaq'.

It would be unwise to assumed any correction in US markets will leave us unscathed.

[eggbaconandbubble] 18/8/2023 14:39

Exactamondo!

[spud] 18/8/2023 14:36

fuji - Correct me if I'm wrong, but i'm struggling to find any UK stocks that are overvalued! In fact, the whole of the UK Market is approximately 25% undervalued!

spud

[fuji99] 18/8/2023 14:32

China with the BRICS forming a threatening economic block against the West is not looking good for the future. In addition on going geopolitical tensions in Ukraine and possible attempts by China to invide Taiwan will crash the markets. In any case if one looks at the S&P/DOW/Nasdaq for the last 10 years, it's logical to anticipate a severe correction if stocks are overvalued. It only needs the first trigger.

[paa65] 18/8/2023 13:43

Fantastic bit of flooring by the Rio traders team today. Held in a 5p range for over 100 minutes from about 11:45Then a rise! Good work.

[tornado12] 18/8/2023 11:38

I think the China situation is surely creating downward pressure on the share price .. I expect further dip drip reductions from here, unless positive news arrives. GLA

[eggbaconandbubble] 17/8/2023 11:15

As they say -Is all the bad news now priced in?

[tornado12] 16/8/2023 12:48

Waiting to see how china consumer issue develops in next weeks.... @ 40 would be ideal top up for me, but sure the price will recover at some point.. GLA

[craftyale] 16/8/2023 08:39

Added some more at the open, bought at 4530. Not sure if it was a basket or truck load. Total position now circa 1900 shares GLA. No doubt the share price will go down more. ;-)

[thamestrader] 15/8/2023 14:21

Took a few at a hair under 46. No lorry required, just a shopping basket. Might put £1 in the slot for a trolley if they fall again after US open.

[mwainw1973] 15/8/2023 13:32

I think that a good entry price, personally I think anything below £50 is value

[xyplex] 15/8/2023 12:32

I backed up my lorry and bought RIO today at £46.00.
My forcast is that world markets are going to rally after August is out of the way and this will drag Rio's up. I think rally will continue till end of 2023.

[the_jitters] 15/8/2023 11:03

Bought some today. First foray into RIO. Paid just under £46 a share. I’m comfortable with that.

[tornado12] 14/8/2023 14:41

China weakness causing the pain, but could be good opportunity to take more. On my topup watch list ..

[wj12] 14/8/2023 13:17

Yet another down day

[adrian j boris] 13/8/2023 07:29

Rio Tinto to build solar power plant in Canada’s North


By NS Energy Staff Writer 11 Aug 2023





Rio Tinto’s Diavik Diamond Mine will build the largest solar power plant across Canada’s territories, featuring over 6,600 solar panels that will generate approximately 4,200 megawatt-hours of carbon-free electricity annually for the mine.

The solar power plant will provide up to 25% of Diavik’s electricity during closure work that will run until 2029, with commercial production from the operation expected to end in early 2026.

The facility will be equipped with bi-facial panels which will not only generate energy from direct sunlight, but also from the light that reflects off the snow that covers Diavik for most of the year. It will cut diesel consumption at the site by approximately one million liters per year and reduce emissions by 2,900 tonnes of CO2 equivalent, which is comparable to eliminating the emissions of 630 cars.

President and Chief Operating Officer of the Diavik Diamond Mine Angela Bigg said: “I am delighted that we will be significantly increasing our renewable power generation with the largest solar power plant in Canada’s northern territories at the Diavik Diamond Mine. Through its wind-diesel hybrid power facility, Diavik is already a leader in cold climate renewable technology and this important project reinforces our dedication to reducing our carbon footprint. I would like to thank both the Government of the Northwest Territories and the Government of Canada for their support to deploy this project.”

The solar power plant will significantly expand Diavik’s renewable energy generation, which already features a wind-diesel hybrid power facility that has a capacity of 55.4 MW and provides the site’s electricity.

The project is supported by CAN$3.3 million in funding from the Government of the Northwest Territories’ Large Emitters GHG Reducing Investment Grant program, and CAN$600,000 from the Government of Canada’s Clean Electricity Investment Tax Credit.

Government of the Northwest Territories Finance Minister Caroline Wawzonek said: “The Diavik solar power plant is a welcome sign of Rio Tinto’s commitment to renewable energy and reducing emissions. The Government of the Northwest Territories is pleased to have provided support through the Large Emitters GHG Reducing Investment Grant program, one of the original pieces of our made-in-the-NWT approach to the federal carbon tax. This collaboration exemplifies our commitment to facilitating sustainable development while reducing greenhouse gas emissions in the Northwest Territories and should be a signal of how our economic development can continue to position us as leaders in these spaces.”

Diavik is working with the Government of the Northwest Territories and community partners to determine how its renewable energy infrastructure can best benefit the region following closure.

Rio Tinto is progressing decarbonisation initiatives across its global operations, with the aim of reducing its Scope 1 and 2 greenhouse gas (GHG) emissions by 50% by 2030 and to achieve net zero across its operations by 2050.

Construction will start in coming weeks and the solar power plant will be fully operational in the first half of 2024.

Source: Company Press Release

[eggbaconandbubble] 11/8/2023 16:08

Still being Hooverred up.

Someone has the inside track!

[daisylove] 11/8/2023 10:12

Ffs. Half dividend wiped out. I,ll now wait for 3500.

[cassini] 10/8/2023 18:14

I'm waiting for 4500p but it's getting tempting.

[eggbaconandbubble] 10/8/2023 17:53

There were some monster buys late this afternoon!

[craftyale] 10/8/2023 16:47

That made me chuckle. Sometimes I think I should do the opposite of my thinking. I'm waiting to buy more. Soon it will be time......