RIO
Rio Tinto signs bio pellet supply deal with SCL for refineries in Queensland
Article Summary
HOLD- Rio Tinto plc (NYSE: ADR) signed an offtake agreement with SuperChar for bio pellets to be used at its alumina refineries in Gladstone, Queensland, Australia, with deliveries expected to start in 2028 following operational trials showing bio pellets could replace up to 30% of coal used to generate steam in refinery boilers under specific conditions.
- Rio Tinto plc ADR plans to carry out further operational demonstrations and assessments of various blends of bio pellets and coal ranging from 5% to 50% bio pellets at its Gladstone facilities, with initial use of SCL's bio pellets planned for Yarwun with later expansion to Queensland Alumina depending on regulatory approvals and operational readiness.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 7.6% | 25% | 35.0 ptsBelow Screener (7.6%) - Weak growth |
| EPS Growth Next 5Y ? | 6.6% | 25% | 20.0 ptsWeak (6.6%) - Low expectations |
| Target Price Upside ? | 15.1% | 20% | 60.0 ptsModerate Upside (15.1%) - Target: $106.25 vs Current: $92.28 |
| Gross Margin % ? | 25.2% | 15% | 40.0 ptsModerate (25.2%) - Adequate margins |
| Drawdown from 52-Wk High ? | -18.0% | 15% | 40.0 ptsMild Pullback (-18.0%) - Light entry opportunity |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About RIO
- Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide.
- The company operates through Iron Ore; Aluminium and lithium; and Copper segments.
- The Iron Ore segment engages in the iron ore mining, and salt and gypsum production in Western Australia.
- The Aluminum and lithium segment is involved in bauxite mining; alumina refining; and aluminium smelting, and recycling, as well as mining and processing of lithium.
- The Copper segment engages in mining and refining of copper, gold, silver, molybdenum, and other by-products and exploration activities.
- It also owns and operates open pit and underground mines; and refineries, smelters, processing plants and power, and shipping facilities.
- The company was founded in 1873 and is headquartered in London, the United Kingdom.