Rio Tinto Share Discussion Threads

[philanderer] 19/7/2023 00:40

Second Quarter Operations Review 2023

[tempted] 18/7/2023 16:18

2nd quarter ops tonight at 23:30

[spud] 12/7/2023 11:36

Rio Tinto and Sumitomo to build hydrogen-powered alumina refinery


Rio Tinto PLC and Sumitomo Corp said that they will build a first-of-a-kind hydrogen plant in Gladstone, Australia, as part of a AUD111.1 million joint investment.

spud

[stpalm] 11/7/2023 09:49

No Frank that was 2016 when it hit £15 odd. This is standard volatility

[northernfrank] 10/7/2023 12:06

Getting on my nerves this. Share price seems to tank all the time

[nick100] 10/7/2023 11:16

Barclays cuts Rio Tinto price target to 6,400 (6,700) pence - 'equal weight'

[philanderer] 07/7/2023 10:42

:-D

two more..

Berenberg cuts Rio Tinto price target to 6,400 (6,600) pence - 'buy'

RBC raises Rio Tinto price target to 5,100 (5,000) pence - 'sector perform'

FWIW ;-)

[philanderer] 28/6/2023 12:10

UBS cuts Rio Tinto price target to 4,800 (5,000) pence - 'sell'

[waldron] 28/6/2023 10:22

News Highlights: Top Company News of the Day
28 June 2023 - 11:15AM
Dow Jones News



Rio Tinto Building Australian Battery Lab to Test Minerals


Rio Tinto is building a battery lab in Australia where it can test how the commodities it produces work in the likes of electric-vehicle batteries.

[adrian j boris] 20/6/2023 16:43

Rio Tinto Approves $498 Million Investment in Utah Copper Operation
20/06/2023 3:46pm
Dow Jones News

Rio Tinto (LSE:RIO)



Tuesday 20 June 2023


By Joe Hoppe



Rio Tinto said Tuesday that it will invest $498 million to deliver underground development infrastructure for an area known as the North Rim Skarn, part of the Kennecott operation near Salt Lake City, Utah.

The world's second-biggest miner by market value said the investment is intended to strengthen its copper supply in the U.S., by increasing underground mining production and improving the health of key assets.

Production from the Skarn will start in 2024 and is expected to ramp up over two years, delivering around 250,000 metric tons of additional mined copper over the next 10 years, alongside open cut operations.

This follows on from a $55 million investment first disclosed in September to start underground mining in an area known as the Lower Commercial Skarn. Underground production there started in February, and is expected to deliver around 30,000 tons of additional copper through to 2027.

"We are investing to build a world class underground mine at Kennecott and strengthen our processing facilities, to meet the growing demand for copper in the United States, a key material for domestic manufacturing and the energy transition," Rio Tinto Copper Chief Operating Officer Clayton Walker said.

The investments are included in Rio Tinto's capital investment guidance for 2023 to 2025.



Write to Joe Hoppe at [e-mail]



(END) Dow Jones Newswires

June 20, 2023 10:31 ET (14:31 GMT)

[saltraider] 19/6/2023 07:51

I see what you did, there. :-)

[adrian j boris] 19/6/2023 07:44

Will it stop the uptrend in its tracks

[yump] 09/6/2023 18:28

What the heck is an upside risk, unless Citigroup are shorting heavily ?

[podgyted] 08/6/2023 16:42

FWIW Dalian iron ore futures went through 800y this afternoon ($113) - quite an increase from @670 2 weeks ago.

[nick100] 08/6/2023 05:36

Analysts at Citigroup see "clear upside risks" to iron ore stocks from potential stimulus by China to prop up its property sector
* Upgrades top Australian iron ore miners like Rio Tinto to buy from neutral and Fortescue Metals Group to neutral from sell
* Brokerage believes a "modest" stimulus package with a focus on property is "plausible and possible" - potentially proving a positive catalyst for iron ore equities
* "Hopes for stimulus from China and news headlines about potential measures to support the property sector have catalysed an upward move in steel and iron ore over the past week" - Citi
* However, brokerage does not expect recent strength in iron ore prices to sustain; downgrades 6-12 month price forecast to $90/tonne from $105/tonne
* Cuts BHP price target, and FY23/24 EBITDA view by 1%/11% on iron ore price adjustments

[podgyted] 06/6/2023 18:11

Dalian Iron ore futures rising nicely over the last few days.