A prominent mining corporation, Rio Tinto, has been under scrutiny lately due to concerns over its base metal production. In a recent assessment, I reiterated my bearish stance on the company, citing the impending iron ore surplus that is expected to materialize by year-end. This glut is likely to have a profound impact on Rio Tinto’s earnings, potentially slashing its EBITDA in half.
As a neutral observer, I must emphasize that I hold no vested interest in the company, nor do I plan to initiate any positions within the next 72 hours. My opinions are solely based on my own research and analysis, and I am not receiving any compensation for this article beyond what is provided by Seeking Alpha.
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