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Rio a copper, aluminium play

Rio Tinto’s (LN:RIO) long-running reliance on iron ore has come to an end but investors should still be keen on the major for its aluminium and copper exposure, according to Jefferies analyst Christopher LaFemina, who has also tipped an M&A wave for the not-too-distant future.

Mining Journal
The focus on aluminium is set to increase for major miner Rio Tinto

The focus on aluminium is set to increase for major miner Rio Tinto

Rio has suffered recently on the back of the iron ore price collapse, which, after unexpectedly outperforming over 2016, has fallen away faster than most anticipated in the early part of this year, retreating...

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