15 July 2022............20 Jul 2022 08:42
Rio Tinto
The Sunday Telegraph
Volatile markets provide an opportunity to buy companies such as miner Rio Tinto. Over the last year the stock has dropped by 18%, but the company’s solid balance sheet and net cash of £1.3bn will shield it from rising interest rates. The company has an “exceptionally wide” safety margin to fall back on if a turbulent economy hits short-term profits, and over the long term it will benefit from rising demand for iron ore, copper and lithium, all of which are essential for the transition to renewable energy. 4,835p