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Rio Tinto Ltd
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About Rio Tinto Ltd
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Pendal Group continues to hold Rio Tinto because it secured a new long-term power contract at its Tomago aluminium smelter, backed by $2.5 billion in support from the New South Wales and federal governments, providing security of electricity supply through to 2038 with 100% renewable energy from 2033. Pendal notes that while the likelihood of Rio Tinto closing the smelter was always small given repeated bailouts extended to other downstream manufacturing plants, the news was still positive given the range of alternatives considered, ensuring the smelter continues to benefit from electricity prices well below commercial rates.
Newsletter
17 Aug 2026
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Pendal Group
No Change
Newsletter
Commentary
§ Important Notice
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Frequently asked questions about Rio Tinto Ltd (ASX:RIO)
Frequently asked questions
Who is investing in Rio Tinto Ltd (ASX:RIO)?
Fund managers including Ten Cap, First Sentier Investors, Montgomery Investment Management, Alliance Bernstein, Wilson Asset Management, Pendal Group, Maple-Brown Abbott, Airlie Funds Management, Perennial Partners, Yarra Capital Management, Hyperion Asset Management, Flagship Investments, Equity Trustees Asset Management, Oracle Advisory Group, Sage Capital, Milford Asset Management, Perpetual Asset Management, Quest Asset Partners, Blackwattle Investment Partners, Antares Capital, Alphinity Investment Management, First Samuel and Ralton Asset Management have invested in Rio Tinto Ltd (ASX:RIO).
What opportunities or catalysts do fund managers highlight for Rio Tinto Ltd?
Pendal highlights a better-than-expected result, strong free cash flow and the government-supported Tomago power contract, while Alphinity remains constructive on commodities.
What are the key risks to the Rio Tinto Ltd investment thesis, according to fund managers?
Maple-Brown Abbott and Alliance Bernstein are taking profits as Rio's valuation has risen, and earnings remain sensitive to iron ore prices.
What is the short interest in Rio Tinto Ltd (ASX:RIO)?
The short interest in Rio Tinto Ltd (ASX:RIO) is 7.90% which makes it the 22nd most shorted stock on the ASX. Of the 371.2M shares that Rio Tinto Ltd has on issue, 29.3M have been sold short.
What does Rio Tinto Ltd (ASX:RIO) do?
Rio Tinto Ltd. is a global mining and minerals processing company headquartered in Melbourne, Australia. Founded in 1959, the firm operates through four primary segments: Iron Ore, which includes mining and salt/gypsum production; Aluminium, encompassing bauxite mining, alumina refining, and smelting; Copper, focused on mining and refining copper, gold, silver, and molybdenum; and Minerals, providing borates, titanium dioxide, and diamond mining services. Rio Tinto specializes in the exploration, extraction, and processing of diverse mineral resources to support global industrial demand.