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    RIO   GB0007188757

RIO TINTO PLC

(RIO)
  Report
Delayed Quote. Delayed London Stock Exchange - 09/22 11:39:02 am
4841 GBX   +2.85%
08:24aRIO TINTO : Jefferies Trims Rio Tinto PT, Maintains Buy Rating
MT
07:27aRIO TINTO : Jefferies reiterates its Buy rating
MD
09/21Top global companies call for zero emmissions shipping by 2050
RE
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Rio Tinto Commits $2.4 Billion to Serbian Lithium Project

07/27/2021 | 01:26pm EDT

By Anthony O. Goriainoff

Rio Tinto PLC said Tuesday that it has committed $2.4 billion to the Jadar lithium project in Serbia which remains subject to the granting of relevant approvals, permits and licenses.

The London- and Australia-listed mining company said the project would scale up its exposure to battery materials, and demonstrate its commitment to investing capital to further strengthen its portfolio for the global energy transition.

"Jadar will produce battery-grade lithium carbonate, a critical mineral used in large scale batteries for electric vehicles and storing renewable energy, and position Rio Tinto as the largest source of lithium supply in Europe for at least the next 15 years. In addition, Jadar will produce borates, which are used in solar panels and wind turbines," the company said.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

07-27-21 1325ET

Stocks mentioned in the article
ChangeLast1st jan.
RIO TINTO PLC 2.85% 4841 Delayed Quote.-11.50%
SILVER -0.59% 22.545 Delayed Quote.-14.59%
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Analyst Recommendations on RIO TINTO PLC
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Financials (USD)
Sales 2021 65 708 M - -
Net income 2021 23 655 M - -
Net cash 2021 4 085 M - -
P/E ratio 2021 4,57x
Yield 2021 17,4%
Capitalization 109 B 109 B -
EV / Sales 2021 1,59x
EV / Sales 2022 1,95x
Nbr of Employees 47 500
Free-Float 65,3%
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Technical analysis trends RIO TINTO PLC
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TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
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Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 65,92 $
Average target price 83,00 $
Spread / Average Target 25,9%
EPS Revisions
Managers and Directors
Jakob Stausholm Chief Executive Officer & Executive Director
Peter Lloyd Cunningham Chief Financial Officer & Executive Director
Simon Robert Thompson Chairman
Arnaud Soirat Chief Operating Officer
Megan Clark Independent Non-Executive Director
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