The RIO stock gains 10% in a weak and is trading at a 5% discount to its 52-week high. Let us take a look at its fundamentals to know whether investors should expect more gains.

The world’s second-biggest mining company by market value aims to improve the margins in its aluminum business by lowering costs, increasing its footprint in recycled aluminum, and switching to lower-cost renewable power.

Rio Tinto (NYSE:RIO) said it has a plan to raise EBITDA, margin and return on capital employed for its aluminum business by five percentage points by 2030 by cutting costs, increasing its footprint in recycled aluminum and switching to lower-cost renewable power,