Rio Tinto (RIO) Stock

SINGAPORE--(BUSINESS WIRE)--Rio Tinto has sadly announced that Mr. Gel Aguaviva, a deck fitter on the bulk carrier RTM Zheng He, was reported missing on December 26, 2024, while the ship was en route from China to Western Australia. For the past week, a thorough search and rescue operation has been underway to locate Mr. Aguaviva, with Rio Tinto partnering with the ship's management, Anglo Eastern, and the appropriate authorities.

Arcadium Lithium is currently undervalued, with a 13% increase expected to reach Rio Tinto's buyout price, which is anticipated to finalize in mid-2025. By acquiring ALTM, Rio Tinto strengthens its position in the lithium market, benefiting from potential revenue growth as lithium prices rise. Additionally, Rio Tinto shows strong fundamentals and technical performance, trading at a low price-to-earnings ratio and having significant potential for dividend growth.

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There are claims that an activist hedge fund is attempting to pressure Rio Tinto Ltd to remove its listing in the UK, which would add to the challenges faced by the mining industry in London this year. Smaller companies are struggling to secure financing, and larger firms are feeling the impact of China's ongoing economic slowdown.

Arcadium Lithium PLC's shares increased by 9% overnight after investors supported Rio Tinto Ltd's US$6.7 billion cash acquisition of the metals processing company. This acquisition is Rio's largest in seventeen years and now requires regulatory approval in the US, which will assess the new Trump administration's stance on foreign takeovers.

LONDON--(BUSINESS WIRE)--Rio Tinto has named Georgie Bezette as the new Chief People Officer, taking over from James Martin, who is set to retire at the end of this year. Georgie, who has been with the company since 2008, is currently the Chief Operating Officer for People and has been leading efforts to transform the People function to support Rio Tinto's cultural change goals. She will begin her new position on January 1, 2025, and will be located in London.

LONDON--(BUSINESS WIRE)--Palliser Capital, a major investor in Rio Tinto (which includes Rio Tinto Plc and Rio Tinto Limited), along with more than 100 other shareholders, has requested a resolution for the upcoming annual general meeting. They are asking for an independent and thorough review of the benefits of merging Rio Tinto's current dual listed company structure.

Rio Tinto plans to build a demonstration plant in Canada that will have the capacity to produce as much as 3.5 tons of gallium each year.

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