Rio Tinto Share Discussion Threads

[waldron] 27/5/2020 17:11

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

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

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%

[waldron] 26/5/2020 06:36

European markets head for higher open on global vaccine hopes

Published Tue, May 26 20201:14 AM EDT

Updated Moments Ago

Holly Ellyatt
@HollyEllyatt


Key Points

London’s FTSE is seen opening 20 points higher at 6,104, Germany’s DAX is expected to open 87 points higher at 11,453, France’s CAC 40 is seen opening 32 points higher at 4,559 and Italy’s FTSE MIB 101 points higher at 17,654, according to IG.

American biotech firm Novavax said Monday it started the first human study of its experimental coronavirus vaccine. The firm said it expects initial results on safety and immune responses in July.

[waldron] 26/5/2020 06:01

Dow futures surge 400 points on hopes of a coronavirus vaccine

Published Mon, May 25 20206:03 PM EDT

Updated 40 min ago

Yun Li
@YunLi626

[poikka] 25/5/2020 11:30

From 734

"There are renewed concerns about possible retreats by international businesses from Hong Kong, given worries about issues such as safety and freedom of speech, according to Stephen Innes, chief global markets strategist at AxiCorp.

"Are we going to get more exodus of foreign employees and possibly companies leaving Hong Kong?"

Yes, is the answer to that, and it has already started with HongKongers buying up land in Taiwan, at least; although it doesn't exactly appear to be a much safer haven than HK on the face of it. I guess that Taiwan is seen as being a step too far for Xi to take.

Interesting times we're living in.

[poikka] 25/5/2020 11:25

On the face of it, I've been surprised by the strength of Iron Ore price, so I checked-up on its use - steel, that is.

Building and infrastructure 51%
Mechanical equipment 15%
Automotive 12%
Metal products 11%
Other transport 5%
Domestic appliances 3%
Electrical equipment 3%

So seeing as Infrastructure, at least, should get a boost from spending as governments try to enliven their economies post Covid (says I..), that would help to explain the price holding up - a bit.

Set against that, I can't see car demand exactly booming for some time; same for other uses dependent on growing economies.

But, as said, B&I are by far the largest users of the stuff.

[grupo] 25/5/2020 09:39

Victoria grants payment deferrals to help mining firms survive coronavirus

MiningRegulation

By Andrew Fawthrop 22 May 2020

Around $2.3m in fees and rents will be deferred for six months as the Australian state of Victoria moves to support mining firms through the coronavirus crisis
Mining site

Trade organisations have welcomed the financial support given to Victoria's mining industry

Policymakers in the Australian state of Victoria have moved to support the region’s mining industry through the coronavirus crisis by deferring the collection of rents and annual fees.

The policy amounts to an immediate saving of around 3.5 million Australian dollars ($2.3m) for mineral-extraction firms operating in the state, which now have an additional six months to pay all rents on exploration, mining, prospecting and retention licences, along with other regulatory fees.

Victoria has previously announced a freeze on all fee increases that had been due to come into effect in July.

Minister for resources Jaclyn Symes said: “Businesses in our resources sector have done a fantastic job in keeping the industry operating – this is a practical way that we can ease the pressure on them and help keep people in jobs.

“Ensuring that our quarry sector can continue to grow and invest means it supports local jobs, communities and our infrastructure agenda.”


Victoria to fast-track critical mining projects that will support post-coronavirus recovery plans

Many extractive firms are facing operational and cash-flow difficulties during the health crisis, as Covid-19 and the containment measures put in place to limit its spread cause disruption to supply chains and daily mining activities.

In a statement, Earth Resources, Victoria’s state regulatory branch for mineral extraction, said processes would be “expeditedR21; for projects where there is “a need to maintain a supply of critical materials”, with priority given to critical infrastructure and bushfire recovery projects.

This move comes in anticipation of a “building blitz”, in which hundreds of infrastructure projects are being planned to help boost job growth and economic recovery as the region begins to emerge from the crisis.


Financial support will help small companies struggling to survive the crisis

The announcement was welcomed by industry representatives, with the Association of Mining and Exploration Companies (AMEC) saying that without government support “many small exploration companies will struggle to survive” the crisis.

The trade group’s chief executive Warren Pearce said: “Due to the pandemic, there is limited opportunity to raise funds in the coming months to support future operations, and these companies have significant fixed costs that they are required to meet.

“This announcement is important as mineral exploration, along with biotech and other important start-ups, are locked out of the JobKeeper programme, leaving the sector without financial assistance.”

Queensland, New South Wales, South Australia and Western Australia have all taken similar steps to free-up cash-flow for mining companies through rent and deferrals, as well as exploration expenditure exemptions.

“Mineral exploration is an important regional industry in Victoria,” added Pearce. “The Victorian government’s provision of relief now will assist these companies to survive this period.”

[grupo] 25/5/2020 09:16

LOL NICE CHART Chris

Certainly higher highs and higher lows,still a long way to go to 4900 and 5600p



GOTTA BREAK THRU 4286p first