Rio Tinto's Coming Investor Briefing Seen Focused on Costs, Lithium, Asset Sales — Market Talk

Dow Jones Newswires

Investors will seek a few things when Rio Tinto holds its capital markets day next week, Morgan Stanley analysts say. Firstly, "investors will look for quantifiable cost reduction targets--both opex and capex making it more competitive vs peers such as BHP," the analysts say in a note. In lithium, Rio Tinto is expected to trim its growth pipeline and phase projects more gradually. It could also closely assess the carrying value of its lithium book, the analysts say. The market will be eager to hear potential plans to exit noncore businesses such as borates and titanium. "In our view, a clear articulation of disposal priorities and timelines would boost investor confidence." MS has an equal-weight rating and A$129.50 target. The stock is little changed at A$134.20. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

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Rio Tinto's Coming Investor Briefing Seen Focused on Costs, Lithium, Asset Sales — Market Talk

Risk Disclosure