Less than six months on from the collapse of its merger talks with Glencore, Rio Tinto has a hint of its old strut back.Its production is rising in all the right places. It just announced the biggest dividend in four years. And the short sellers who swarmed the stock in recent months, making Rio one of the 20 most shorted companies on the ASX, are suddenly on the run, with the miner’s June half earnings sending its shares up almost 5 per cent on Wednesday.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Rio Tinto wants to be an AI play. Be careful what you wish for
The China boom changed Rio TInto forever, and its CEO hopes the AI boom will do the same. But pinning your colours to an uncertain AI future isn’t without risk.
Rio Tinto announces record 4-year dividend after strong H1, spurring 5% share jump and short-seller capitulation. The miner pivots to AI narrative for valuation boost, but over-reliance on automation hype without operational proof remains a risky bet.








