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Rio Tinto increases Australian supplier spend to A$17.7 billion

1. Rio Tinto increased its Australian spending to A$17.7 billion in 2024. 2. This spending supports over 6,000 suppliers, boosting local economies.

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FAQ

Why Bullish?

Increased spending indicates strong operational performance and potential for stock appreciation. Historically, similar spending boosts investor confidence and stock stability.

How important is it?

Strong local engagement reflects positively on corporate governance and financial health, influencing investor sentiment.

Why Long Term?

Sustained economic support fosters long-term growth and strengthens supplier relationships, likely improving financial performance over time.

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BHPFMGANZ
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto strengthened its spend with Australian businesses to over A$17.7 billion in 2024, supporting both national and local suppliers. This is an increase of 9.9% from the previous year and was spent with more than 6,000 suppliers across the country. This spend has helped boost local, regional, and national economies, contributing to employment and strengthening Australian owned and managed businesses. As part of this spend, more than A$926 million was.

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