5 Best ASX Stocks To Invest In

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1. Rio Tinto Group (ASX:RIO)

Number of Hedge Fund Holders: 29

Rio Tinto Group (ASX:RIO) is a global player in the exploration, extraction, and processing of mineral resources. The company’s extensive portfolio covers a wide range of minerals including lithium, aluminum, copper, iron ore, diamonds, gold, borates, titanium dioxide, salt, silver, and molybdenum. On June 28, Rio Tinto Group (ASX:RIO) announced intentions to establish a battery research laboratory in Australia, focusing on various technologies associated with battery production, manufacturing, and chemistry. Despite iron ore being a primary revenue stream for Rio Tinto Group (ASX:RIO), the company is proactively expanding its production of critical commodities for the advancement of clean energy initiatives.

You can also take a look at 15 Best Performing Shitcoins in 2023 and 13 Best American Energy Stocks To Buy Now

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