5 Best Aluminum and Aluminum Mining Stocks To Buy

4. Rio Tinto Group (NYSE:RIO)

Number of Hedge Fund Investors In Q2 2023: 29

Rio Tinto Group (NYSE:RIO) is one of the largest aluminum producers in the world. The firm is also focusing on reducing the impact of its aluminum processing operations, and it estimates that the impairment charges from making its Australian facilities environmentally friendly run into hundreds of millions of dollars.

As of June 2023, 27 hedge funds among the 910 profiled by Insider Monkey had bought the firm’s shares. Rio Tinto Group (NYSE:RIO)’s largest hedge fund investor is Ken Fisher’s Fisher Asset Management since it owns 163,710 shares that are worth $11.7 million through a stake worth $950 million.

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