Rio Tinto Group (RIO) News

Rio Tinto and global venture builder Founders Factory have selected six startups from over five hundred applicants to accelerate technology development across the mining sector. The strategic investments target persistent industry challenges, focusing on deploying artificial intelligence and spatial data to enhance the exploration and processing of critical minerals.

Rio Tinto capped off a solid operational year with robust volume expansions across its diverse portfolio, particularly in copper, mitigating the impact of softer iron ore prices. For investors, the company's 9% growth in underlying EBITDA and strict capital discipline—most notably demonstrated by its refusal to pursue a merger with Glencore—signal a steady hand focused on internal productivity and targeted growth in energy transition metals.