Rio Tinto Share Discussion Threads

[waldron] 15/8/2019 16:42

Iron Ore 93.76 USD -1.95(-2.08%)
Gold COMEX 1,527.10 -0.05%
Silver COMEX 17.19 -0.55%
Platinum NYMEX 841.10 -0.81%
Copper COMEX 2.59 +0.02%
Brent Crude Oil NYMEX 58.28 -2.02%
Gasoline NYMEX 1.51 -1.81%
Natural Gas NYMEX 2.25 +4.64%
(WTI) 54.54 USD -0.75%

Rio Tinto
4,020.5 -1.01%

STILL ABOVE 4000p


Bhp
1,768.2 -0.82%


Anglo American
1,696.2 -5.19%


Glencore
222.1 -3.64%

[sarkasm] 15/8/2019 15:06

www.proactiveinvestors.co.uk/companies/news/900833/glencore-downgraded-by-jp-morgan-as-recession-fears-rise-900833.html

[podgyted] 15/8/2019 07:08

Down 2.8% in Oz

[podgyted] 14/8/2019 23:29

Perhaps there is life in the old dog yet:-

[waldron] 14/8/2019 16:55

Iron Ore 95.71 USD 0.60(0.63%)
Gold COMEX 1,526.70 +0.83%
Silver COMEX 17.21 +1.32%
Platinum NYMEX 850.50 -1.07%
Copper COMEX 2.60 -1.27%
Brent Crude Oil NYMEX 58.76 -4.14%
Gasoline NYMEX 1.53 -3.93%
Natural Gas NYMEX 2.15 -0.46%
(WTI) 54.55 USD -3.96%

Rio Tinto
4,061.5 -1.36%

Bhp
1,782.8 -1.83%

Anglo American
1,789 -4.02%

Glencore
230.5 -2.39%

[podgyted] 14/8/2019 07:09

Up 2.2% in Oz.

[waldron] 13/8/2019 16:58

Iron Ore95.11USD 0.10(0.11%)
Gold COMEX 1,510.80 -0.42%
Silver COMEX 16.95 -0.71%
Platinum NYMEX 857.20 -0.75%
Copper COMEX 2.62 +1.51%
Brent Crude Oil NYMEX 60.97 +4.10%
Gasoline NYMEX 1.59 +4.43%
Natural Gas NYMEX 2.18 +2.83%
(WTI) 57.08 USD+4.01%



Rio Tinto
4,117.5 +1.91%


Bhp
1,816 +1.03%

Anglo American
1,864 +2.56%

Glencore
236.15 +2.30%

[poikka] 13/8/2019 14:49

Just read on RDSB that US/China trade talks to resume in next 2 weeks - hence share price lift.

[waldron] 12/8/2019 16:53

Iron Ore 95.01USD 1.40(1.47%)
Gold COMEX 1,517.50 +0.60%
Silver COMEX 17.06 +0.76%
Platinum NYMEX 861.90 -0.22%
Copper COMEX 2.58 -0.31%
Brent Crude Oil NYMEX 58.44 -0.15%
Gasoline NYMEX 1.51 -0.42%
Natural Gas NYMEX 2.13 -0.23%
(WTI) 54.34 USD +0.20%

Rio Tinto
4,040.5 -0.38%

Bhp
1,797.4 -0.26%


Anglo American
1,817.4 -1.36%


Glencore
230.85 -0.13%

[poikka] 12/8/2019 07:40

That's a bit of a bummer, 1699, I was kinda banking on China propping things up through the economic downturn.

Re. 1696, if there is to be a shortage of copper a few years down the line, that would be timely for the Mongolian venture. But that shortage and potential price hike sounds a lot like the talk, a few years back, of an oil shortage due to lack of investment.

[podgyted] 12/8/2019 07:23

Not looking good:-



Down 2.8% in Oz

[waldron] 09/8/2019 16:58

Iron Ore 93.61 USD -3.76(-4.02%)
Gold COMEX 1,514.50 +0.33%
Silver COMEX 16.99 +0.32%
Platinum NYMEX 867.50 +0.00%
Copper COMEX 2.59 -0.61%
Brent Crude Oil NYMEX 58.65 +2.21%
Gasoline NYMEX 1.52 +2.07%
Natural Gas NYMEX 2.15 +0.05%
(WTI) 54.41 USD +2.99%

Rio Tinto
4,056 -2.45%

SO WE END THE WEEK IN THE 4000 to 4200p BOX


Bhp
1,802 -1.80%


Anglo American
1,842.4 -1.18%


Glencore
231.15 -1.97%

[waldron] 09/8/2019 14:42

The recent slide in copper prices threatens to limit investment in new mines, a trend that industry analysts and executives say could lead in coming years to sizable shortages of the material critical to manufacturing and renewable-energy projects.

Prices fell to two-year lows recently on fears that trade tensions will weaken the global economy and crimp demand. Because copper is heavily used in construction and manufacturing, its price movements are closely tied to momentum in the world economy, and particularly in China, which accounts for about half of global demand.

Some investors say the downturn in prices could actually lead to an even bigger rally years from now because of the time needed to extract metal from new projects. Many of those mines also require capital commitments to finish and are located in risky operating jurisdictions around the world.

Ore grades also decline over time, potentially leading to lower usable supply than expected as demand from electric vehicles and new technologies is likely to ramp up in the mid-2020s, analysts say.

Copper is now about 13% below the $3-a-pound level that investors say makes many long-term projects viable. It last closed above that level in June 2018, when President Trump approved tariffs on about $50 billion of Chinese imports.

"We have this great inventory of opportunities, but like other projects in the industry, they require prices higher than today's price to develop," Richard Adkerson, chief executive of copper miner Freeport-McMoRan Inc., said in an interview. "If global growth turns down, then we won't be in a position to invest in these resources."

Copper fell to $2.54 a pound on Monday, its lowest level since May 2017, before rebounding to $2.60 on Thursday.

Jefferies projects a 1 million metric ton deficit in 2024 without more capital commitments from miners. Commodities consultancy Wood Mackenzie recently forecast a roughly 4 million metric ton supply gap by 2028, based on annual production of about 25 million metric tons at that time.

Driving those projections is a belief that copper will be critical to long-term shifts toward electric vehicles and cleaner technologies in transportation and energy storage. Electric and hybrid cars use more copper than conventional vehicles, and analysts project hefty demand increases from the implementation of EV charging stations. Fast-growing countries such as India also are expected to continue investing in copper-intensive infrastructure projects.

Another reason some investors remain confident that prices will eventually rebound: Operating mines in places such as Indonesia continues to come with a high degree of risk.

Many expect Freeport-McMoRan's success in the coming years to be defined by its ability to transition a giant copper and gold mine in Indonesia into an underground operation. Late last year, the Indonesian government took a 51% stake in the mine -- Grasberg -- by paying nearly $4 billion to Freeport and Australian miner Rio Tinto PLC. While the transition underground continues, Freeport is posting lower revenue and higher capital costs.

In another sign of the challenges facing miners, Rio Tinto last month said it will take much longer than expected and cost more to complete a mine in Mongolia's southern Gobi Desert.

The difficulties ahead for industry leaders Freeport and Rio Tinto could portend delays in the years ahead for other companies pursuing complicated projects, analysts say. While there are plentiful opportunities in countries such as Chile and Australia, extracting the metal could prove trickier than expected.

"These projects take a long period of time to bring on line," said Christopher LaFemina, a metals and mining analyst at Jefferies. "The market should be very, very tight as long as we don't have a recession."

Still, many investors say it is difficult to invest in the metal and shares of companies that produce it as trade uncertainty continues to hammer copper prices. They have fallen 13% from a peak in April. Shares of Freeport are down 34% in the past year, and other mining stocks such as Southern Copper Corp. have also taken a beating.

"Investors continue to be reticent about our sector," Mr. Adkerson said. "That's likely to be the case until there's some clarity on the direction of this trade issue."

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Write to Amrith Ramkumar at [e-mail]



(END) Dow Jones Newswires

August 09, 2019 08:14 ET (12:14 GMT)

[maywillow] 08/8/2019 18:18

Rio Tinto CEO Not 'Overly Concerned' About Iron Ore Tumble
[Bloomberg UK]
Bloomberg UK8 August 2019

Aug.08 -- Rio Tinto CEO Jean-Sebastien Jacques discusses what the tumble in iron ore prices mean for his business. He speaks on "Bloomberg The Open."

[waldron] 08/8/2019 16:53

Iron Ore 97.37 USD 0.81(0.83%)
Gold COMEX 1,508.30 -0.74%
Silver COMEX 16.96 -1.40%
Platinum NYMEX 866.80 -0.48%
Copper COMEX 2.61 +1.46%
Brent Crude Oil NYMEX 57.51 +2.28%
Gasoline NYMEX 1.50 +1.92%
Natural Gas NYMEX 2.16 +3.00%
WTI) 52.73 USD +0.84%



Rio Tinto
4,147 -1.14%


Bhp
1,830.4 +4.00%


Anglo American
1,864 +4.03%


Glencore
236.5 +3.14%

[podgyted] 08/8/2019 07:18

ex-Div today.

Dividend £1.73 per share including special.