Rio Tinto, POSCO enter MoU to explore low-carbon emission steel value chain

  • Rio Tinto (NYSE:RIO) and POSCO (NYSE:PKX), the largest steel producer in South Korea, have signed a memorandum of understanding, or MoU, to jointly explore, develop and demonstrate technologies to transition to a low-carbon emission steel value chain.
  • The partnership will explore a range of technologies for decarbonization across the entire steel value chain from iron ore mining to steelmaking, including integrating Rio Tinto 's iron ore processing technology and POSCO's steelmaking technology.
  • Both parties aim to become carbon-neutral by 2050.

    Over the current book year the company from London could achieve a revenue around 66.05 billion GBp (consensus estimates). This is rather significant more than 2021's revenue of 44.61 billion GBp.

    Historical revenues and results Rio Tinto plus estimates 2021

    financiële analyse

    The analysts expect for 2021 a net profit of 23.98 billion GBp. Most of the analysts anticipate on a profit per share of 1459 GBp. Based on this the price/earnings-ratio is 4.09.

    Huge dividend Rio Tinto

    Per share the analysts expect a dividend of 1081 GBp per share. Thus the dividend yield equals 18.1 percent. The average dividend yield of the mining companies is a poor 0.81 percent.

    Latest estimates around 7017 GBp

    JP Morgan, RBC Capital Markets and Berenberg recently provided recommendations for the stock.

    Rio Tinto 's market value equals around 7463.3 billion . 33

    Historical stock prices Rio Tinto

    historical stocks riotinto

    At 12.00 the stock trades 0.52 percent lower at 5971 GBp.

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