Rio Tinto to invest $1.9 billion to develop the Kangwinan bauxite project in Western Cape York, Queensland

Impact · against what's priced in

Rio Tinto's $1.9 billion investment in the Kangwinan bauxite project secures long-term supply for its alumina refineries and international customers. While the project sustains market leadership, the substantial capex commitment will likely pressure free cash flow and increase depreciation starting in FY2027.

RIO+0.20

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