RIO - Rio Tinto

[Dona Ferentes]

I'm unable to clarify that.
When I've looked the percent number appeared to me to be an overall % but I'll give some thought as to how I'd go about that. A very interesting point you nice fella,and thanks for bringing it up @Dona Ferentes

gg

from AFR 03 Aug 2019

The Aluminium Corporation of China, better known as Chinalco, is prevented from owning more than 14.99 per cent of Rio’s London stock under a foreign investment ruling struck in 2008 by Australia’s then treasurer Wayne Swan.

That ruling was not a problem when Chinalco’s stake stood at 12 per cent, but Rio’s regular share buyback programs have consolidated its share register to the point that Chinalco’s stake now accounts for 14.51 per cent of shares on issue, according to Bloomberg data.

.

Chinalco in talks with government over Rio Tinto stake

Rio Tinto says Australian government limits on Chinalco's shareholding are not the reason it paid a special dividend rather than announce a fresh share buyback.

www.afr.com

 

[Garpal Gumnut]

So, if they own 14.99% of the London stock how much of "da lot" do they own. ?

Your reply was much appreciated oh great one even whose shadow illuminates each day @Dona Ferentes

gg

 

[Dona Ferentes]

Rio has taken the first step to plant the West’s flag back in the key Gallium market, after export controls issued by China in 2023 and 2024 that saw prices rise from around US$200/kg to ~900/kg.

Rio has successfully produced gallium metal in R&D testing at lab scale with New York-based specialty metals supplier Indium Corporation. Its plan is to establish a 3.5tpa demo plant at the Vaudreuil alumina refinery in Quebec which, if successful, could be upgraded to 40tpa, equivalent to between 5-10% of global demand.

 

[DrBourse]

@Captain_Chaza
My thoughts on RIO.

RIO’s IV as at 1/5/23 was $114.26 – as at 26/3/25 it has fallen to $97.63 – DOWN $16.63 in less than 2 Yrs.
RIO’s TP as at 1/5/23 was $162.02 – as at 26/3/25 it has fallen to $149.97 – DOWN $12.08 in less than 2 Yrs.
That translates to Lower Low’s & Lower High’s – and we all know what that usually means.
The RIO SP 1/5/23 was $112.26 – as at 26/3/25 it was $116.85 – UP $4.59 (plus Divs) in less that 2 yrs - Not what you would call Inspiring.

Rio has been trapped between three BCF Candle Formations since Aug 2023.

RIO looks like a train that’s going nowhere.

RIO is a great share to trade – Trading will give me 3 times the LT Holders gains over the same time periods.
If RIO ever breaks out of the current $103.00 to $135.00 Trading Range, I may change my opinion, till that happens I'm happy to carry on with my ST Trades.
My Buy Price for RIO is $87.43 (maybe $90.00).

Although you are not in the Beginner Group, IMO, Beginners should not play with the likes of RIO…..

DrB