Rio Tinto (RIO) Moves to Sell $2 Billion U.S. Boron Assets as Stock Trades Near 52‑Week High – 27 November 2025
Rio Tinto is preparing to sell its U.S. boron operations in California, a deal that could reach $2 billion, according to Bloomberg and other outlets. The assets include the Boron mine, Owens Lake operation, and a Los Angeles refinery, which together supply about 30% of global boron demand. UBS and JPMorgan are advising on the sale, with private equity and chemical firms seen as likely bidders.