01-08-2022, 08:27 AM
RIO- Rio Tinto Is Building Its Lithium Business. The Move to Green Energy Will Boost
<!-- SC_OFF --><div class="md"><p>A fat dividend and a robust pivot toward clean-energy products should make United Kingdom–based diversified miner Rio Tinto a good bet for investors. Those with a hefty appetite for risk could see total returns approaching 30% within 12 months, experts say.</p> <p>In December, the company—which currently gets three-fourths of its earnings before interest, taxes, depreciation, and amortization, or Ebitda, from iron ore—announced that it would buy the Argentina-based Rincon lithium project for $825 million</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BuckieD"> /u/BuckieD </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/ryiht8/rio_rio_tinto_is_building_its_lithium_business/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/ryiht8/rio_rio_tinto_is_building_its_lithium_business/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>A fat dividend and a robust pivot toward clean-energy products should make United Kingdom–based diversified miner Rio Tinto a good bet for investors. Those with a hefty appetite for risk could see total returns approaching 30% within 12 months, experts say.</p> <p>In December, the company—which currently gets three-fourths of its earnings before interest, taxes, depreciation, and amortization, or Ebitda, from iron ore—announced that it would buy the Argentina-based Rincon lithium project for $825 million</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/BuckieD"> /u/BuckieD </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/ryiht8/rio_rio_tinto_is_building_its_lithium_business/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/ryiht8/rio_rio_tinto_is_building_its_lithium_business/">[comments]</a></span>Kind Regards R