Rio Tinto plc, a major player in the global mining sector, has been given a Neutral rating by UBS.

The company has a diverse product portfolio, with iron ore accounting for 59% of net sales in 2022, producing 283.2 million tonnes. Other significant contributions come from aluminum, alumina, and bauxite at 24.9%, with production figures of 54.6 million tonnes of bauxite, 7.5 million tonnes of alumina, and 3 million tonnes of aluminum. Copper production represents 5.8% of total output, with 521.1 thousand tonnes produced. Industrial minerals, including titanium dioxide pigments and borates, contribute 4.8%. Diamonds and gold account for 1.5% and 1% of production, respectively, with 4.7 million carats of diamonds and 235,000 ounces of gold produced.

In terms of geographical distribution, the majority of net sales are concentrated in China at 54.3%, followed by the United States at 15.9%, Japan at 7.4%, and Europe at 6.5%. The remaining sales distribution is made up of other regions, including Canada, Australia, and various others.