Rio Tinto Share Discussion Threads

[poikka] 28/5/2020 18:30

Not bad news for miners, although not as good as the previous spending spree. "China has pledged a package of 4 trillion yuan (US$559 billion) worth of cost cuts for the country’s struggling factories and merchants in 2020, the largest economic rescue plan in its history, in an enhanced effort to save jobs that were put at risk by the coronavirus outbreak, Premier Li Keqiang confirmed on Thursday. The combined cuts in business costs, which include tax exemptions, lower bank interest rates and waived contributions to social welfare funds as well as reduced prices for utilities such as electricity, will be carried out on top of 2 trillion yuan in additional fiscal spending and government bond issuances. In contrast to the 4 trillion-yuan stimulus package China issued in 2008 in response to the global financial crisis, which focused on debt-fuelled state spending and left the country with a large overhang of debt, Li said on the final day of the delayed National People’s Congress (NPC) that the new round of pro-growth measures would focus on “ensuring employment, people’s livelihoods and [helping] market entities”. “We have been saying that we won’t flood the market [with excessive liquidity]. It is still the policy,” Li said. “But extraordinary times call for extraordinary efforts. We are now providing water so that the fish can survive – fish will die without enough water, but there will be bubbles if we provide too much water.” If our targets of protecting jobs, livelihoods and market entities can be achieved, we’ll be able to achieve a positive economic growth rate in 2020 Li Keqiang In addition, Li said Beijing has many fiscal, financial and social security policies in reserve, and it will roll out additional policy support “without hesitation”."

[waldron] 28/5/2020 17:16

Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 92.05 +0.24(0.26%) Gold COMEX 1,737.00 +0.59% Silver COMEX 18.02 +1.45% Platinum NYMEX 860.20 -2.04% Copper COMEX 2.40 +0.82% Brent Crude Oil NYMEX 35.77 +0.90% Gasoline NYMEX 1.02 +0.28% Natural Gas NYMEX 1.85 -1.49% WTI 33.236 USD +4.62% FTSE 100 6,218.79 +1.21% Dow Jones 25,669.95 +0.48% CAC 40 4,771.39 +1.76% SBF 120 3,769.72 +1.63% Euro STOXX 50 3,094.47 +1.54% DAX 11,781.13 +1.06% Ftse Mib 18,325.38 +2.32% Rio Tinto 4,288.5 +0.69% Bhp 1,589.8 +1.15% Anglo American 1,712 +2.50% Glencore 157.24 +0.43%

[waldron] 28/5/2020 16:52

Price (GBX) 4,288.50 Var % (+/-) +0.69% (Up +29.50 ) High 4,317.50 Low 4,255.00 Volume 2,783,988 Last close 4,288.50 on 28-May-2020 Bid 4,294.50 Offer 4,296.50 Trading status Closing Price Crossing Special conditions NONE

[waldron] 28/5/2020 16:29

To upset chris, it seems that the 4286.50p resistence still comes into play apparently Https://www.marketscreener.com/RIO-TINTO-PLC-9590196/?type_recherche=rapide&mots=RIO BUT THIS EVE AND CONFIRMED FRIDAY EVE CHRIS MIGHT HOWEVER GET HIS WISH OF 4300p

[podgyted] 28/5/2020 15:49

Ferrexpo issued an AGM statement at 14:40:- "Below is a trading update which would usually be made at the AGM: · Year to date 2020 pellet production from own ore up 8.8% to 3.8 million tonnes compared to 3.5 million tonnes for the same period of 2019 · Record pellet production from own ore in April 2020 of 1.06 million tonnes · Year to date 2020 sales increased by 28% to 4.1 million tonnes compared to 3.2 million tonnes for the same period of 2019 · The Group expects a further reduction in pellet stocks in the remainder of 2Q 2020 · Ferrexpo continues to benefit from lower energy prices which have reduced production and logistics costs · We continue to take active measures to protect our workforce and local communities against the impact of the COVID-19 virus" Demand for iron ore seems good.

[the grumpy old men] 28/5/2020 14:26

LAST | 9:14:49 AM EDT Dow set to rise more than 200 points, heads for 3-day winning streak

[waldron] 28/5/2020 06:53

Dow futures up more than 100 points after blue-chip index rallies back above 25,000 Published Wed, May 27 20206:05 PM EDT Updated 38 min ago Thomas Franck @tomwfranck

[waldron] 28/5/2020 06:46

European markets head for higher open as U.S.-China dispute continues Published Thu, May 28 20201:05 AM EDT Holly Ellyatt @HollyEllyatt Key Points London’s FTSE is seen opening 73 points higher at 6,208, Germany’s DAX is seen 146 points higher at 11,800, France’s CAC 40 is seen 58 points higher at 4,737 and Italy’s FTSE MIB is expected to open up 288 points at 18,089, according to IG. Investors will be keeping an eye on developments in U.S.-China tensions, with trade, the coronavirus pandemic and now Hong Kong a focus in the dispute.

[waldron] 27/5/2020 17:11

Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 91.81 +0.17(0.19%) Gold COMEX 1,713.10 -1.89% Silver COMEX 17.50 -0.74% Platinum NYMEX 874.20 +0.10% Copper COMEX 2.37 -1.70% Brent Crude Oil NYMEX 35.40 -3.65% Gasoline NYMEX 1.02 -4.43% Natural Gas NYMEX 1.92 -0.72% WTI 32.779 USD -3.74% FTSE 100 6,144.25 +1.26% Dow Jones 25,186.22 +0.76% CAC 40 4,688.74 +1.79% SBF 120 3,709.25 +1.52% Euro STOXX 50 3,047.46 +1.37% DAX 11,657.69 +1.33% Ftse Mib 17,879.23 +0.11% Rio Tinto 4,259 +1.90% Bhp 1,571.8 +1.52% Anglo American 1,670.2 +3.07% Glencore 156.56 +2.26%

[grupo guitarlumber] 27/5/2020 11:42

https://uk.advfn.com/p.php?pid=morebysector&sectorid=12&sscf=uk&symbol=LSE%3AAYM Https://www.aimlisting.co.uk/aim-company-list/business-category/mining/ and of course calmtrader 27 May '20 - 10:34 - 3752 of 3753 0 0 0 Anglesey Mining(AYM) ChronosPlutus 27 May '20 - 07:00 - 3749 of 3754 0 0 0 Has anyone got any junior miner stock picks that are in development and will be transitioning to production over the next couple of years? My pick is MYL (Myanmar Metals) listed on the Australian Stock Exchange (ASX)

[grupo guitarlumber] 27/5/2020 11:39

U.S. Stock Futures Extend Rally Print Alert By Frances Yoon and Anna Isaac U.S. stock futures and European shares rose Wednesday on optimism that economic activity is gathering steam and authorities may offer more stimulus to bolster the recovery. Futures tied to the S&P 500 rose 1.2%, suggesting that the gauge's 1.2% rally on Tuesday may be extended after the New York opening bell. European stocks also ticked higher, with the pan-continental Stoxx Europe 600 advancing almost 1%. Investors are cheering signs that the White House and Congress are considering more measures to blunt the impact of historic levels of unemployment on the economy. The Trump administration is examining proposals to provide cash incentives to encourage unemployed Americans to return to work, a top economic adviser said in an interview on Fox News. European authorities are also likely to step up stimulus measures, with the European Central Bank probably boosting its bond-buying programs and top officials working toward an agreement on a recovery fund, according to Florian Hense, an economist at Berenberg Bank. The European Commission on ednesday is likely to propose an almost 1 trillion euro ($1.1 trillion) aid package that builds on a suggested plan from Germany and France to support parts of the region that have been hardest hit, he estimated in a note to clients. "U.S.-China tension has taken a back seat," said Edward Park, deputy chief investment officer at Brooks Macdonald. "A lack of major escalation means markets are more focused on central bank interventions, the levels of liquidity on offer, and economic recovery as countries emerge from lockdowns." In the bond market, the yield on the benchmark 10-year U.S. Treasury was relatively flat at 0.697%. Among European stocks, car makers were some of the biggest gainers. French President Emmanuel Macron on Tuesday evening said his government planned to spend billions of euros to prop up the country's auto industry amid a collapse in car purchases caused by the coronavirus crisis on Tuesday evening. Renault rose 10.7% in Paris, while Peugeot climbed 6%. "It's the biggest automotive intervention in history," said Demian Flowers, head of automotive research at Commerzbank. But the impact on stocks could be short-lived, based on the experience of 2009, Mr. Flowers said. Incentive programs for consumers can be temporarily effective, bringing forward purchases rather than building sustained demand. The main gauge for U.S. crude-oil prices edged down 0.5% to $34.20 a barrel, after rising for seven of the past eight sessions. Russian government officials have signaled that the country may hold off on committing to any extended production cuts ahead of a June meeting among major oil exporters, strategists at ING wrote in a note to clients. In Asia, the main equity benchmarks reflected mixed sentiment by the close of trading. Japan's Nikkei 225 gained 0.7%, while Australia's S&P/ASX 200 was little changed. China's Shanghai Composite drifted 0.3% lower. Investors are buying back assets that they sold off at the height of the pandemic, according to Steve Englander, head of North America macro strategy and Group of 10 currencies at Standard Chartered Bank. "There is some confidence in markets that the worst has passed with the disease and that a worst-case scenario -- where, for example, we are locked up for six months -- is now assigned a lower probability," Mr. Englander said. But financial markets are still fragile, said Daniel Gerard, senior global multiasset strategist at State Street Global Markets. Investors are watching developments on issues such as the pandemic, including prospects for vaccines, and U.S.-China relations, he said. "It's hard enough in this pandemic to get trade going on because of an uneven recovery," Mr. Gerard said. "If we add complications of the trade war, it will delay a recovery." The prospect of renewed unrest in Hong Kong is adding to growth concerns for some heavyweight components of the city's Hang Seng, such as financial stocks and developers, according to Mr. Gerard. The index ended the day down almost 0.4%. Write to Frances Yoon at [e-mail] and Anna Isaac at [e-mail] (END) Dow Jones Newswires May 27, 2020 06:03 ET (10:03 GMT)

[calmtrader] 27/5/2020 10:34

Anglesey Mining(AYM)

[christh] 27/5/2020 09:32

Is it going to test £43 today? Possibly >>>>>>>>>>>Most likely

[podgyted] 27/5/2020 07:16

Rio currently down 3% in Oz.

[chronosplutus] 27/5/2020 07:00

Has anyone got any junior miner stock picks that are in development and will be transitioning to production over the next couple of years? My pick is MYL (Myanmar Metals) listed on the Australian Stock Exchange (ASX) Any decent junior miners in development that are listed on the LSE?

[waldron] 27/5/2020 06:24

Dow futures rise nearly 200 points as Wall Street looks set to continue Tuesday rally Published Tue, May 26 20206:11 PM EDT Updated an hour ago Maggie Fitzgerald @mkmfitzgerald

[waldron] 27/5/2020 06:21

European markets head for positive open but U.S.-China tensions weigh on sentiment Published Wed, May 27 20201:07 AM EDT Holly Ellyatt @HollyEllyatt Key Points London’s FTSE is seen 14 points higher at 6,083, Germany’s DAX is seen 17 points higher at 11,545, France’s CAC 40 is seen opening 2 points higher at 4,619 and Italy’s FTSE MIB is expected to open 82 points higher at 17,881, according to IG. Investors are weighing the potential impact of rising tensions between Washington and Beijing, against economies reopening following coronavirus lockdowns.

[high yields] 26/5/2020 21:40

Thank you Ian

[ian davenport] 26/5/2020 21:34

high yields - I've been in rio for over 20 years - traded it actively 2005-10 or so - believe me you can!

[high yields] 26/5/2020 20:47

Not a "good" day for RIO share price. I have been building up my RIO position since 01st of April. Today was also opportunity to buy. It looks to me you can't make mistake with RIO. Good luck

[waldron] 26/5/2020 17:07

Https://markets.businessinsider.com/commodities/iron-ore-price Iron Ore 91.6 +40.22(0.24%) Gold COMEX 1,727.40 -0.47% Silver COMEX 17.63 -0.38% Platinum NYMEX 875.50 -2.20% Copper COMEX 2.41 +0.90% Brent Crude Oil NYMEX 35.44 -0.23% Gasoline NYMEX 1.06 -0.40% Natural Gas NYMEX 1.93 +4.09% WTI West Texas Intermediate crude futures gained 2.3%, or 74 cents, to trade at $3402. FTSE 100 6,067.76 +1.24% Dow Jones 25,091.89 +2.56% CAC 40 4,606.24 +1.46% SBF 120 3,653.69 +1.52% Euro STOXX 50 2,999.22 +1.14% DAX 11,504.65 +1.00% Ftse Mib 17,833.74 +1.35% Rio Tinto 4,179.5 -1.95% Bhp 1,548.2 -0.12% Anglo American 1,620.4 +3.24% Glencore 153.1 +3.36%

[la forge] 26/5/2020 07:48

Https://www.hl.co.uk/shares/shares-search-results/r/rio-tinto-plc-ordinary-10p/broker-forecasts