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

3M

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's stock is trading lower due to concerns over China's economic stimulus, impacting demand for key commodities like iron ore and copper. The Hang Seng Index's significant drop reflects investor disappointment, affecting Rio Tinto's revenue outlook.

Portfolio Pulse from Henry Khederian

October 08, 2024 | 6:56 pm

Shares of copper and iron ore companies are trading lower due to uncertainty surrounding China's economic stimulus measures.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 4:03 pm

Rio Tinto is in preliminary talks to acquire Arcadium Lithium, potentially making it one of the largest lithium producers globally. The acquisition could involve a significant premium, as Arcadium's market value has dropped due to a lithium market slump. Arcadium's shares surged on the news.

Portfolio Pulse from Stjepan Kalinic

October 07, 2024 | 11:16 am

Arcadium Lithium has confirmed receiving a non-binding acquisition approach from Rio Tinto. This potential acquisition could impact the lithium market and both companies' stock prices.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 5:51 am

Rio Tinto is in discussions to acquire Arcadium Lithium, with the deal potentially valuing Arcadium between $4 billion and $6 billion or more, according to sources cited by Reuters.

Portfolio Pulse from Benzinga Newsdesk

October 04, 2024 | 8:12 pm

Copper company shares are rising due to a report that China plans to issue up to $284 billion in sovereign debt for economic stimulus.

Portfolio Pulse from Benzinga Newsdesk

September 26, 2024 | 2:45 pm

Freeport-McMoRan shares are rising due to China's Central Bank announcing a stimulus package, which includes cutting reserve requirement ratios and interest rates. This move is expected to boost metals demand, benefiting metal and mining stocks.

Portfolio Pulse from Dylan Berman

September 24, 2024 | 6:18 pm

Copper stocks are experiencing a rise in share prices following the announcement of a new stimulus package by China's Central Bank.

Portfolio Pulse from Benzinga Newsdesk

September 24, 2024 | 11:51 am

Uranium Energy Corp. (UEC) has announced a $175 million deal to acquire Rio Tinto's Wyoming assets, including the Sweetwater Plant and uranium mining projects. This acquisition enhances UEC's production capabilities and resource base, positioning it as a leading uranium developer in the U.S. amid growing global nuclear energy demand.

Portfolio Pulse from Lekha Gupta

September 23, 2024 | 2:48 pm

Uranium Energy Corp (UEC) has entered into an agreement to acquire Rio Tinto's Wyoming assets for $175 million. The assets include the Sweetwater Plant and uranium mining projects with 175 million pounds of resources. The transaction is expected to close in Q4 2024.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 10:03 am

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