Unlike BHP, RIO is still dual-listed, meaning that any interest in AAL will not be script-based. However, we don’t believe AAL is on RIO’s menu; they are looking at simpler and smaller copper plays to increase their footprint in industrial metals. For example, First Quantum (FN CN), a Canadian-based miner, has been discussed as a potential target for RIO.
- We like RIO in line with our bullish stance towards resources, but BHP remains our preferred major.
MM remains bullish towards RIO
Add To Hit List
