UBS has rated Rio Tinto 'Neutral' with a target price of 5250 pence. The company is a leading mining firm, with 2023 net sales primarily from iron ore (62.5%), followed by aluminium, alumina, and bauxite (22.2%), and smaller contributions from copper, industrial minerals, gold, and diamonds. Geographically, 59.6% of net sales come from China, with additional sales in the US, Japan, and Europe.