10 Best Aluminum Stocks To Buy According to Billionaires

7. Rio Tinto Group (NYSE:RIO)

Number of Billionaires: 9

Number of Hedge Fund Holders: 39

Rio Tinto Group (NYSE:RIO) is a leading global company specializing in the mining and processing of aluminum, iron ore, copper, and other minerals. The company manages a fully integrated aluminum production chain, including bauxite mining, alumina refining, and aluminum smelting. Its headquarters is in London, and it has a major presence in Australia, Canada, and other important markets.

The company reported an underlying EBITDA of $23.3 billion for the year ended December 31, 2024, a decrease of 2% year-on-year, majorly driven by lower iron ore prices. On the other hand, Rio Tinto Group (NYSE:RIO) saw significant performance in its aluminum segment, as its EBITDA rose by 61%, supplemented by stronger bauxite and aluminum pricing.

Moreover, net operating cash flow was $15.6 billion due to better cost controls and efficiency gains. The company distributed $6.5 billion in dividends, upholding a 60% payout ratio for the ninth consecutive year, reflecting its continued commitment to shareholder returns. Regardless of macroeconomic hurdles, Rio Tinto Group (NYSE:RIO) maintained a strong balance sheet, positioning it well for future investments.

Furthermore, the company continues to scale up its portfolio for renewable energy in order to enhance sustainability in its aluminum operations. Rio Tinto Group (NYSE:RIO) signed a 20-year hybrid solar and battery storage agreement on March 12, 2025, with Edify Energy to drive its Gladstone aluminum operations in Australia. The agreement ensures a stable supply of clean electricity as it includes 600 megawatts of solar energy and 2,400 megawatt-hours of battery storage. It will support 80% of the electricity needs for the Boyne aluminum smelter, bringing down carbon dioxide emissions by 5.6 million tons annually. This project comes under Rio Tinto’s broader effort to secure 2.7 gigawatts of renewable energy to power its aluminum production.

Conclusively, under its continued investments in renewable energy and efficient operations management, Rio Tinto Group (NYSE:RIO) is adding to its position as a market leader in sustainable aluminum production. In light of financial stability, and long-term strategic initiatives, the company remains a top choice among the best aluminum stocks to buy for investors looking to access the sector.