Battery-Swap Electric Haul Trucks Trial: Rio Tinto has initiated a trial of battery-swap electric haul trucks at the Oyu Tolgoi copper mine in Mongolia, marking its first test in surface mining, which will run until 2026 to evaluate the technology's broader application.
Efficiency and Emission Reduction: The battery-swapping technology allows for quick battery replacements, significantly reducing downtime and aiming to cut emissions from haulage fleets, which are a major source of the company's Scope 1 and 2 emissions.
Management's Perspective: Rio Tinto's General Manager highlighted the trial as a key milestone in advancing low-carbon innovation through partnerships, emphasizing the importance of operational learnings in developing low-emission haulage alternatives.
Potential Asset-for-Equity Swap: Rio Tinto is reportedly considering an asset-for-equity swap with its Chinese investor, Chinalco, which could provide the company with more flexibility for share buybacks and strategic initiatives.
Wall Street analysts forecast SLX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Wall Street analysts forecast SLX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SLX is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 93.440
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Current: 93.440
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
