Streetbeat News

RIO

Rio Tinto Group

https://www.riotinto.com

Industry

Industrial Materials

Rio Tinto Group engages in exploring, mining, and processing mineral resources worldwide. The company offers aluminum, copper, diamonds, gold, borates, titanium dioxide, salt, iron ore, and lithium. It also owns and operates open pit and underground mines, mills, refineries, smelters, power stations, and research and service facilities. Rio Tinto Group was founded in 1873 and is headquartered in London, the United Kingdom.

Open

60.99

Mkt cap

104B

Volume

High

61.30

P/E Ratio

9.27

52-wk high

75.09

Low

60.73

Div yield

0.07

52-wk low

59.35

Rio Tinto has partnered with GravitHy to accelerate steel decarbonisation in Europe. Rio Tinto will supply iron ore pellets and manage sales of low-carbon HBI produced by GravitHy.

Portfolio Pulse from

November 15, 2024 | 8:15 am

Wall Street analysts have given a positive recommendation for Rio Tinto (RIO), suggesting it as a good investment. The article questions the impact of such analyst ratings on stock prices.

Portfolio Pulse from

November 07, 2024 | 3:45 pm

Rio Tinto partners with China's State Power Investment Corporation to trial battery swap truck technology at the Oyu Tolgoi copper mine in Mongolia. This technology allows quick battery exchanges for electric vehicles, enhancing efficiency in mining operations.

Portfolio Pulse from

November 05, 2024 | 9:45 pm

Rio Tinto has transitioned its Kennecott copper mine in Utah to renewable diesel for all heavy mining equipment, significantly reducing its carbon footprint and emissions.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 4:06 pm

McEwen Copper, a subsidiary of McEwen Mining, has closed a $35M investment from Nuton, a Rio Tinto venture, as part of a private placement. This investment increases Nuton's stake in McEwen Copper to 17.2%. The funds will support the Los Azules copper project's feasibility study.

Portfolio Pulse from Benzinga Newsdesk

October 24, 2024 | 11:53 am

A study suggests Arkansas may hold up to 19 million tons of lithium, potentially boosting U.S. lithium resources significantly. This discovery could benefit lithium-focused ETFs and companies involved in lithium mining and technology.

Portfolio Pulse from Benzinga Neuro

October 22, 2024 | 4:42 am

Rio Tinto (NYSE:RIO) reported weaker-than-expected Q3 production, missing analysts' estimates. Despite short-term challenges, the company is optimistic about organic growth, with new projects in lithium and iron ore. The $6.7 billion acquisition of Arcadium Lithium is seen as a strategic move, despite a 90% premium. Rio Tinto's shares are slightly down in premarket trading.

Portfolio Pulse from Stjepan Kalinic

October 16, 2024 | 11:08 am

Rio Tinto reports Q3 production results with slight increases in Pilbara iron ore and bauxite production, while aluminium and copper production saw slight declines. The company maintains a clear long-term growth strategy.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 9:31 pm

Copper company shares are declining due to China's September export data missing estimates and potential reduced demand for renewable energy commodities if Donald Trump wins the U.S. presidential election.

Portfolio Pulse from Benzinga Newsdesk

October 15, 2024 | 4:42 pm

Jim Cramer recommends Uranium Energy Corp. (UEC) due to its acquisition of Rio Tinto's Wyoming assets, while expressing skepticism about Novo Nordisk (NVO) compared to Eli Lilly (LLY). Concerns arise over Novo Nordisk's acquisition of Catalent (CTLT) due to potential antitrust issues. Cramer advises against Halliburton (HAL), despite a Buy rating from BofA Securities.

Portfolio Pulse from Avi Kapoor

October 15, 2024 | 12:22 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.