RIO Fair Price
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🔋 Rio Tinto plans lithium production in Canada!
Rio Tinto $RIO-0.6% is a global mining and metallurgical company with a long history and a broad portfolio of operations. Headquartered in Australia, Rio Tinto has operations around the world and is one of the world's leading producers of iron, aluminum, copper, diamonds, coal and other raw materials. The company is known for its...
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Rio Tinto, a major player in the global mining sector, has announced plans to initiate lithium production in Canada. This move marks a significant step for the company as it diversifies its mineral portfolio amidst growing demand for lithium, which is crucial for battery production and the electric vehicle industry.
Lithium production in Canada by Rio Tinto is not just about expanding its business operations but also aligns with its commitment to innovation and environmental sustainability. This initiative is expected to leverage advanced mining technologies that minimize environmental impact, reflecting Rio Tinto’s ongoing efforts to enhance its practices in sustainable mining.
By entering the lithium market in Canada, Rio Tinto aims to position itself strategically in the supply chain of essential materials needed for future technologies, including clean energy solutions. This development underscores the company's adaptability and foresight in responding to the dynamic demands of the global market, particularly in sectors driven by environmental considerations and technological advancements<a href="https://birdfeederworld.com/">!</a>
Hey investors, how do you see it now with companies like $VALE-0.5% and $RIO-0.6%? I see that both are losing a few percent over the last month, but I can't quite track down the reasons why. I'm more interested though, what do you think of the current valuation?
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Rio Tinto
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So that price is fine for me to buy. The stock has been dropping quite a bit lately, so why not. But there's just a lot of questions and why it's falling and whether the upside potential is there.
Have a nice weekend, everyone. 😊 I'm interested in your opinion on mineral mining, not much is said about it here...
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Mineral wealth is needed, and now more than ever. It is the main building block of electronics and it is mega important to the world. We just need to find the right companies or ETFs of this mining sector.
I buy$RIO-0.6%, only on the London Stock Exchange so it's not the ADRs, but I guess it doesn't matter. Otherwise, for me, a quality top mining company with operations basically all over the world. 😊