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Rio Tinto Q2 Earnings: Key Insights & Market Impact
Rio Tinto (ASX: RIO) is the second-biggest miner on the ASX based on market value and one of the largest producers of commodities worldwide. The company’s iron ore operations, which account for about three quarters of our estimate of the company’s profits, are the main drivers of its profits and share price. Rio Tinto is one of the few miners that has been profitable throughout the commodity cycle thanks to its broad portfolio of durable assets and cheap operating costs. Also, the majority of Rio Tinto’s main operations are situated in comparatively safe havens like North America and Australia. Q2 earnings ... (full story)