As the Rio Tinto share price drops, should I buy more?
The Rio Tinto Ltd (ASX: RIO) share price had a turbulent year in 2024, finishing more than 10% in the red.
It has slipped a further 4% in the past month of trade, closing at $114.65 apiece on Tuesday.
Rio is a diversified mining giant and has ambitious growth plans in some of ‘critical’ commodities, including iron ore, copper, and lithium.
But with the share price down, is now the right time to invest? Let’s see what the experts think.
Rio Tinto share price sensitive to commodity prices
Being a miner and producer of various commodities and metals, Rio Tinto is what they call a price taker, meaning it doesn’t get to set the prices for the ‘product’ it sells. The market does that.
So the Rio Tinto…
