Rio Tinto Plc : Caution required on the sustainability of the iron ore price. Jadar project approved to prepare for the future. More cash returns at end-2021.
>Caution (shared) regarding the sustainability of the iron ore price - On our reckoning, the Chinese authorities are likely to: 1/ reduce the intensity of economic stimulation (tightening of monetary policy, introduction of restrictions on real estate investment, etc.), 2/ continue with restrictions on steel production (notably in Heibei province) and 3/ continue to attempt to control commodity prices. Like Rio Tinto’s management, we expect the price of iron ore to f...Rio Tinto is engaged in finding, mining and processing mineral resources. Co. has four product groups: iron ore, which supplies the global seaborne iron ore trade; aluminium, which includes bauxite mines, alumina refineries, and aluminium smelters; Copper and Diamonds, which has managed operations in Australia, Canada, Mongolia and the U.S., and non-managed operations in Chile and Indonesia, with by-product including gold, silver, molybdenum and others such as sulphuric acid, rhenium, and lead carbonate; and Energy and Minerals, which comprises mining, refining and marketing operations across borates, coal, iron ore concentrate and pellets, salt, titanium dioxide and uranium sectors.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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