Top 10 Large Cap Value Stocks to Buy Now

8. Rio Tinto (NYSE:RIO)

Number of Hedge Fund Holders: 40

Rio Tinto (NYSE:RIO) is one of the top large cap value stocks to buy now. On June 1, Sandvik entered into a collaboration with Rio Tinto to develop and integrate its i-series surface drill rigs with Rio Tinto’s existing Autonomous Drilling System. By combining Sandvik’s AutoMine automation technology with Rio Tinto’s experience in remote operations, the partnership aims to enhance safety, productivity, and system interoperability across open-pit mining environments.

The development process will be managed through Rio Tinto’s Operations Centre in Perth, starting with testing at Sandvik’s test facility in Finland. These initial phases will be followed by site-based field trials at Rio Tinto’s operations in Western Australia, where the companies will assess the technology’s performance against specific production targets.

This project builds upon existing autonomous infrastructure at Rio Tinto’s (NYSE:RIO) iron ore sites and reflects Sandvik’s focus on scalable, interoperable automation. The collaboration comes as both companies pursue separate growth initiatives, including Sandvik’s recent equipment orders for copper mine projects and Rio Tinto’s ongoing $1.5 billion smelter expansion in Quebec, which is expected to conclude by the end of 2026.

Rio Tinto (NYSE:RIO) is a diversified global mining company that engages in exploring, mining, and processing mineral resources worldwide.