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The mining sector in London faces challenges as an activist hedge fund pressures Rio Tinto to abandon its UK listing. The sector has struggled due to a lack of finance for small-cap companies and the impact of China's economic slowdown on larger players.
December 27, 2024 | 3:30 pm
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Rio Tinto is under pressure from an activist hedge fund to drop its UK listing, adding to the challenges faced by the mining sector in London.
The pressure from an activist hedge fund to drop its UK listing could lead to uncertainty and potential negative sentiment around Rio Tinto's stock. This comes amid a challenging year for the mining sector, exacerbated by China's economic slowdown.
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RELEVANCE 80