Rio Tinto Share Discussion Threads

[waldron] 31/7/2019 17:13

Iron Ore 120.02USD -0.07(-0.06%)
Gold COMEX 1,440.10 -0.12%
Silver COMEX 16.42 -0.83%
Platinum NYMEX 881.20 +0.99%
Copper COMEX 2.67 -0.47%
Brent Crude Oil NYMEX 65.03 +0.62%
Gasoline NYMEX 1.86 +0.60%
Natural Gas NYMEX 2.26 +5.90%
(WTI) 58.44 USD +0.34%

Rio Tinto
4,698 -0.65%

Bhp
1,984.2 -0.66%

Anglo American
2,039 -2.44%

Glencore
266.45 -2.40%

[maywillow] 31/7/2019 10:28

UBS Neutral 4,700.00 - Unchanged

[podgyted] 31/7/2019 07:12

"Chinese Steel Makers Cost Up by USD 35 in H1 of 2019 due to High Iron Ore Prices - CISA

Steel News - Published on Wed, 31 Jul 2019

China Iron and Steel Industry Association said that while China's steel output surged by 9.9% YoY to 492 million tonne in the first half of the year, higher material costs have weighed upon profit of the sector. Total profit for CISA members stood at about CNY 106.5 billion (USD 15.5 billion) in H1 of 2019 down by 20.5% YoY. According to CISA “Steel manufacturing cost in H1 had increased by CNY 240 (USD 35) per tonne, due to surging prices of imported iron ores.

CISA has warned about the rapid expansion of crude steel output without improvements in efficiency, which may trigger renewed oversupply in the sector."

Rio down 0.1% in Oz

[grupo] 31/7/2019 06:54

Citigroup Buy 5,100.00 - Reiterates

[waldron] 31/7/2019 06:21

Rio Tinto Stuck Between a Rock and a Hard Place With Too Much Cash
The miner is forecast to return as much as $4 billion to investors but it could upset its biggest shareholder, Chinalco, if it buys back shares
By Rhiannon Hoyle
July 31, 2019 12:41 am ET


SYDNEY—Rio Tinto PLC is preparing to share billions of dollars in profits with its investors but is finding its options squeezed by a decade-old restriction that limits how big a stake can be owned by a Chinese investor.

Rio Tinto is forecast to return as much as $4 billion to investors following its half-year result due Thursday, but the miner risks upsetting its largest shareholder—and putting it in potential conflict with Australia’s antitrust regulator—if it again opts to buy back shares in addition to paying a regular...

[waldron] 30/7/2019 16:50

Iron Ore 120.02 USD -0.09(-0.07%)
Gold COMEX 1,440.20 +0.48%
Silver COMEX 16.53 +0.55%
Platinum NYMEX 875.00 -0.78%
Copper COMEX 2.68 -1.29%
Brent Crude Oil NYMEX 64.01 +0.61%
Gasoline NYMEX 1.82 +0.43%
Natural Gas NYMEX 2.11 -0.09%
(WTI) 57.08 USD -0.04%



Rio Tinto
4,725.5 +0.94%

Bhp
1,997.6 +0.19%

Anglo American
2,082.5 -1.44%

Glencore
272.9 -0.84%

[waldron] 30/7/2019 08:01

Citigroup Buy 5,100.00 - Reiterates

[waldron] 30/7/2019 06:51

MOTELYFOOL



Iron ore miners tumble: Are Fortescue, BHP and Rio Tinto a buy?

Lina Lim | July 29, 2019 | More on: BHP FMG RIO
Dominoes falling in a row

The iron ore spot price has stabilised around the US$120 per tonne mark while the S&P/ASX 200 (INDEXASX: XJO) index has just passed 6,800. This is in stark contrast to the ASX iron ore miners, which have struggled on the news that the world’s largest miner, Vale SA, would resume production at its Vargem Grade complex.

This news has resulted in the following price movements in the past week:

BHP Group Ltd (ASX: BHP) share price down 1.07% to $40.56 (at time of writing)
Fortescue Metals Group Ltd (ASX: FMG) share price down 4.6% to $8.30 (at time of writing)
Rio Tinto Limited (ASX: RIO) share price down 4% to $98.26 (at time of writing)

Is this a buy opportunity?

The iron ore bull run is perhaps at its cross roads as Vale SA slowly returns to form. The Brazilian miner said that the move to Vargem Grade will add approximately 5 million tonnes to annual production. We’ve known for a long time that Vale has been awaiting supreme court approval for the resumption of production at several mine sites.

Last month, Vale SA received court approval to enable the full resumption of wet processing operations at its Brucutu mine. Brucutu has an annual production capacity of approximately 30 metric tonnes per annum (Mtpa) of iron ore. This represents 8% of Value’s annual output. Fast forward to today, and the Vargem decision will enable the partial resumption of dry processing operations, which will total approximately 5 Mt of additional production in 2019.

If we piece together the initial statistics of the Vale disaster that resulted in a loss of approximately 90 million tonnes of an annualised supply of around 1.7 billion tonnes, it appears as though the market is very slowly coming back to equilibrium.

The plateauing bullish fundamentals overshadow Fortescue’s June 2019 quarterly production report, which highlight a 22% rise in total ore shipped while citing sustained strong demand from customers.
Foolish takeaway

I believe the recent falls in BHP, Rio Tinto and Fortescue share price are, to some degree, a market overreaction. However, I am going to make the bold call that the top is in for ASX iron ore miners.

On one hand, demand side fundamentals remain robust and the supply–demand imbalance will continue to persist in the short term. But it is evident that the market is slowly creeping back to an equilibrium and I find it highly unlikely that ASX iron ore miners will break out their old highs.

[waldron] 29/7/2019 16:55

Iron Ore 120.02USD -0.09(-0.07%)
Gold COMEX 1,419.00 -0.02%
Silver COMEX 16.41 +0.08%
Platinum NYMEX 880.70 +1.49%
Copper COMEX 2.71 +1.08%
Brent Crude Oil NYMEX 63.26 -0.17%
Gasoline NYMEX 1.81 -0.73%
Natural Gas NYMEX 2.11 -2.00%
(WTI) 56.19 USD +0.38%



Rio Tinto
4,681.5 +1.65%

Bhp
1,993.8 +1.98%

Anglo American
2,113 +0.71%

Glencore
275.2 +1.14%

[podgyted] 29/7/2019 07:08

Rio up 0.6% in Oz.

[sarkasm] 27/7/2019 17:08

1/08/2019 | 07:15am Interim 2019 Earnings Release

[waldron] 26/7/2019 16:58

cheers ted
u2



SEEMS TO BE HAVE MANAGED TO END THE WEEK IN THE 4600 to 4800p BOX

HAVE A GREAT WEEKEND

AH REFRESHING RAIN AT LAST

[waldron] 26/7/2019 16:57

Iron Ore 120.11 USD 0.02(0.02%)
Gold COMEX 1,417.80 +0.22%
Silver COMEX 16.41 -0.01%
Platinum NYMEX 865.20 -1.01%
Copper COMEX 2.69 -0.59%
Brent Crude Oil NYMEX 63.68 +0.46%
Gasoline NYMEX 1.82 -0.08%
Natural Gas NYMEX 2.15 -3.50%
(WTI) 56.05 USD -0.04%


Rio Tinto
4,605.5 +0.66%


Bhp
1,955 -0.15%


Anglo American
2,098 -4.07%


Glencore
272.1 -1.34%

[waldron] 25/7/2019 16:49

Iron Ore 120.09USD -0.16(-0.13%)
Gold COMEX 1,419.00 -0.32%
Silver COMEX 16.52 -0.64%
Platinum NYMEX 875.00 -0.69%
Copper COMEX 2.72 +0.17%
Brent Crude Oil NYMEX 63.77 +0.93%
Gasoline NYMEX 1.83 +1.53%
Natural Gas NYMEX 2.22 +0.95%
(WTI) 56.48 USD +0.91%

Rio Tinto
4,579.5 -0.59%

Bhp
1,957.2 -0.18%

Anglo American
2,188 +0.05%

Glencore
276.6 -0.25%

[waldron] 25/7/2019 07:13

cheers ted

melting here already

[podgyted] 25/7/2019 07:06

Sentiment changing:-



Down 4.6% in Oz

[waldron] 24/7/2019 16:43

Iron Ore 120.25 USD -0.17(-0.14%)
Gold COMEX 1,423.20 +0.11%
Silver COMEX 16.59 +0.69%
Platinum NYMEX 878.20 +1.93%
Copper COMEX 2.71 +0.35%
Brent Crude Oil NYMEX 64.15 +0.50%
Gasoline NYMEX 1.83 +0.62%
Natural Gas NYMEX 2.20 -3.16%
(WTI) 56.91 USD -0.25%


Rio Tinto
4,606.5 -4.60%


Bhp
1,960.8 -4.00%


Anglo American
2,187 -3.25%


Glencore
277.3 +0.64%