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

Industrial sector stocks are rising after the Federal Reserve's decision to cut interest rates by 50 basis points, which is expected to boost investment and economic growth.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 5:39 pm

Copper stocks are experiencing a rise in share prices following an increase in copper prices, which was triggered by the Federal Reserve's decision to cut interest rates by 50 basis points.

Portfolio Pulse from Benzinga Newsdesk

September 19, 2024 | 2:55 pm

Rio Tinto has initiated a biofuel crop farming trial in Australia to produce renewable diesel. This move is part of their strategy to explore sustainable energy solutions.

Portfolio Pulse from Benzinga Newsdesk

September 17, 2024 | 7:32 pm

JPMorgan analyst Patrick Jones predicts a significant copper deficit by 2030, driven by increased demand from electric vehicles and renewable energy. Despite potential substitution with other materials, the deficit is expected to persist. Key mining companies like Teck Resources and Rio Tinto are poised to benefit, while electrification plays like ChargePoint Holdings could also see gains.

Portfolio Pulse from Surbhi Jain

September 12, 2024 | 12:42 pm

A Native American group has petitioned the US Supreme Court to block a land transfer for Rio Tinto's Resolution Copper project in Arizona. This legal action could impact the project's progress and Rio Tinto's operations.

Portfolio Pulse from Benzinga Newsdesk

September 11, 2024 | 6:08 pm

Shares of US-listed copper companies are declining following reports that Goldman Sachs has reduced its forecast for copper due to weaker demand from China.

Portfolio Pulse from Benzinga Newsdesk

September 03, 2024 | 2:14 pm

The Canadian government intervened to resolve a labor dispute that halted major railways, Canadian National Railway and Canadian Pacific Kansas City, to prevent economic disruption. Mining companies like Teck Resources and Rio Tinto took measures to mitigate the impact.

Portfolio Pulse from Stjepan Kalinic

August 23, 2024 | 12:29 pm

Rio Tinto anticipates disruptions in raw material supply and product shipments due to a rail stoppage in Canada. The company has contingency plans to mitigate the impact.

Portfolio Pulse from Benzinga Newsdesk

August 22, 2024 | 3:49 pm

Rio Tinto has signed a $110 million agreement with XCMG Machinery to supply mining equipment for the Simandou iron ore project in Guinea. This project is significant due to its high-grade iron ore reserves. Rio Tinto's shares have risen following the announcement.

Portfolio Pulse from Lekha Gupta

August 21, 2024 | 3:01 pm

XCMG Machinery has signed a significant global cooperation agreement with Rio Tinto for the Simandou iron ore project in Guinea. The deal involves supplying over $110 million in core mining equipment, including 34 mining trucks and large graders.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 12:34 pm

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