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RIO Rio Tinto Plc

4,920.00
-1.50 (-0.03%)
Last Updated: 08:34:20
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Rio Tinto Plc LSE:RIO London Ordinary Share GB0007188757 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -1.50 -0.03% 4,920.00 129,747 08:34:20
Bid Price Offer Price High Price Low Price Open Price
4,918.50 4,919.50 4,935.00 4,896.50 4,896.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec USD 54.86B USD 10.06B USD 8.0289 6.13 61.65B
Last Trade Time Trade Type Trade Size Trade Price Currency
08:34:17 AT 433 4,920.00 GBX

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Date Time Title Posts
18/11/202415:48RIO TINTO-THE INVESTORS INFORMATION LINE8,819
14/11/202417:48RIO - TRADERS THREAD55,242
24/2/202313:42Rio Tinto Investors thread410
22/2/202215:55Rio Share price14
22/1/202223:01serbia scrap rio lithium mine plans...power to Novak..justice!1

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Rio Tinto (RIO) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:34:174,920.0043321,303.60AT
08:34:024,921.00381,869.98AT
08:34:024,921.001165,708.36AT
08:34:024,921.0020910,284.89AT
08:34:024,921.00934,576.53AT

Rio Tinto (RIO) Top Chat Posts

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Posted at 20/11/2024 08:20 by Rio Tinto Daily Update
Rio Tinto Plc is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker RIO. The last closing price for Rio Tinto was 4,921.50p.
Rio Tinto currently has 1,252,718,679 shares in issue. The market capitalisation of Rio Tinto is £61,652,549,787.
Rio Tinto has a price to earnings ratio (PE ratio) of 6.13.
This morning RIO shares opened at -
Posted at 17/10/2024 10:04 by philanderer
Goldman Sachs cuts Rio Tinto price target to 6,700 pence - 'buy'


Royal Bank of Canada cuts Rio Tinto price target to 5,500 (5,600) pence - 'sector perform'
Posted at 09/10/2024 12:51 by philanderer
Matt Britzman, senior equity analyst at Hargreaves Lansdown said the move was "a classic attempt to buy the dip for Rio, snapping up some high-quality lithium assets when spot prices are around 80% down on their highs".

"It’s a good time to shop for counter-cyclical assets, and this deal helps propel Rio’s lithium portfolio to new heights, with it already having exposure through its Rincon and Jadar projects."

"The price will be scrutinised, at a touch under 20% of where Arcadium was trading when the company was formed in January, it’s not quite a bargain, and investors in the commodity world tend to take a dim view of M&A at the best of times."

"Arcadium is currently free cash flow negative, due to low prices and high investment in new projects, so Rio will have some work to do if it wants to turn this into an accretive buy – and that won’t happen immediately.”


Sharecast
Posted at 07/10/2024 16:45 by philanderer
Rio Tinto was flat as it confirmed the potential acquisition of the US-based lithium producer Arcadium Lithium.

Rio said in a statement it had approached the company regarding the potential "non-binding" acquisition.

"We do not know what price a deal could be struck at, so that is clearly the next step, but this deal appears to be...manageable from a Rio standpoint," said analysts at Berenberg.


Alliance News
Posted at 07/10/2024 05:24 by nick100
(Alliance News) - Rio Tinto PLC confirmed a potential acquisition of the US-based lithium producer Arcadium Lithium PLC.

Arcadium's Sydney-listed shares rose 48% to AUD6.16 each on Monday afternoon. It has a market capitalisation of around USD3.31 billion.

Rio said in a statement it had approached the company regarding the potential "non-binding" acquisition.

"There is no certainty that any transaction will be agreed to or will proceed," it said.

Rio Tinto and Arcadium Lithium said they would not comment further.

If the deal goes ahead, it would transform Rio Tinto into the world's third-largest lithium supplier.

But the lithium industry is struggling with an oversupply and falling electric vehicle sales, pushing prices down and leading mines around the world to shut or scale back production.

Arcadium Lithium announced earlier this year it was mothballing a mine in Western Australia, citing low prices.

Australia is the world's biggest supplier of lithium, which is used in a variety of products including hybrid and electric car batteries, laptops and phones.
Posted at 06/9/2024 22:29 by philanderer
RBC Capital Markets set a target price of 5,700 GBX for the company, which when compared to the Rio Tinto plc share price of 4,565 GBX at opening today (06/09/2024) indicates a potential upside of 24.9%
Posted at 16/8/2024 14:32 by lammergeier
hxxps://www.msn.com/en-us/money/markets/rio-tinto-group-rio-morgan-stanley-is-bullish-on-this-european-ai-stock-now/ar-AA1oUReZ?ocid=BingNewsSerp

Rio Tinto Group (NYSE:RIO) engages in exploring, mining, and processing mineral resources worldwide. It is headquartered in the United Kingdom. Investors who have studied AI in great detail understand that there are some long-term AI plays in Europe other than software and chip firms. One of these long-term bets is linked to the rise in demand for copper as large firms commit billions towards the development of AI data centers. Copper, one of the premier mining operations of Rio Tinto, is one such commodity. It is used extensively in AI data centers. Even though leading AI chips are made of silicon, copper has a key role, interconnecting the integrated circuitry within these chips.
AI-linked demand has led to a shortage in copper supplies, sending prices above $11,000 a metric ton back in May this year. Rio Tinto Group (NYSE:RIO) is one of the biggest beneficiaries from this AI boom. Half-year earnings released by the firm in July reveal that higher copper production and prices have helped to offset a slightly lower production and prices from the dominant iron ore business.

Overall RIO ranks 2nd on our list of the best European AI stocks to buy according to Morgan Stanley. While we acknowledge the potential of RIO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than RIO but that trades at less than 5 times its earnings, check out our report about the
Posted at 01/8/2024 14:42 by philanderer
Rio Tinto (ASX, LON, NYSE: RIO) said on Wednesday it would contemplate a significant copper acquisition if it added exceptional value, but noted that buying quality assets in the current “hot market” would be “seriously” expensive.

The world’s second largest miner has been concentrating on expanding its copper business based on anticipated strong demand surpassing available supply of the energy transition metal.

Rio Tinto, which has long said building mines is a better option for growth than buying assets, seems to be changing its tone as main rival BHP moves to consolidate the sector.

Chief executive Jakob Stausholm said he is not ruling out looking at large takeovers in the copper sector now that Rio has reached an “inflection point”.
Posted at 31/7/2024 08:09 by philanderer
All good.


Miner Rio Tinto maintained its first-half payout after a "stable financial performance". Sales revenue during the first six months of the year edged up 0.5% to USD26.80 billion from USD26.67 billion a year prior.

Pretax profit rose 17% to USD8.12 billion from USD6.93 billion. "Rio Tinto is both consistently very profitable and growing.

This is being driven by the disciplined investments we are making to strengthen our operations and progress major projects for profitable organic growth," CEO Jakob Stausholm said. "Our overall copper equivalent production is on track to grow by around 2% this year, and our ambition is to deliver around 3% of compound annual growth from 2024 to 2028 from existing operations and projects."

The CEO the firm is at an "inflection point", as it looks ahead to the future of its aluminium portfolio with confidence, and hails "consistent production at our Pilbara iron ore operations". Rio Tinto maintained its interim dividend at 177.0 cents per share.


ii.co.uk
Posted at 02/7/2024 18:13 by nick100
Rio Tinto completes construction of its solar power plant at Diavik Diamond Mine Rio Tinto’s Diavik Diamond Mine has completed installation of its 3.5 megawatt capacity solar power plant in Canada’s Northwest Territories. The project represents the largest off-grid solar power plant across Canada’s territories.

The 6,620-panel facility is expected to generate 4.2 million kilowatt-hours of solar energy annually, reducing diesel consumption at Diavik by one million litres per year and cutting greenhouse gas (GHG) emissions by 2,900 tonnes of CO(2) equivalent. This is comparable to removing 630 cars from the road each year.

The solar power plant will provide up to 25% of Diavik’s electricity during closure work, with commercial production at the mine expected to end in 2026 and closure to run until 2029. The facility is equipped with bi-facial panels which not only generate energy from direct sunlight, but also from the light that reflects off the snow that covers Diavik for most of the year.

The solar project complements a wind power plant at Diavik, which has been operating since 2012 and is the largest wind power installation in Canada’s North, having generated over 195 million kilowatt-hours of electricity since activation.

Chief Operating Officer of Diavik Diamond Mine Matthew Breen said: “The largest off-grid solar power plant in Canada’s North is our latest commitment to the environment we live and work in, and will improve the energy efficiency of our operations at Diavik. We are proud to lead the way for large-scale renewable energy projects in Canada’s North.” The project was supported by C$3.3 million in funding from the Government of the Northwest Territories’ Large Emitters GHG Reducing Investment Grant Program.

It is the first project in the Northwest Territories to benefit from funding from the Large Emitters Grant, which sets aside a portion of carbon tax paid by large operations such as Diavik for projects that commit to GHG reduction projects in the territory.

Northwest Territories’ Minister of Infrastructure Caroline Wawzonek said: “I commend Rio Tinto for the completion of the largest off-grid solar plant in Canada’s North at the Diavik mine. The project demonstrates Rio Tinto’s leadership when it comes to reducing emissions, and signals potential for leadership in the renewable energy sector in and by the North. The Government of the Northwest Territories is proud to have contributed to the project through the Large Emitters GHG Reducing Investment Grant program, which provides funding to industry to reduce emissions as part of our made-in-the-NWT approach to the federal carbon tax.” Construction began in February 2024, contracted to Whitehorse-based Solvest Inc. and the Indigenous-owned Tłıchǫ; Investment Corporation, with support from Diavik. Approximately 30% of the construction workforce came from the Tłıchǫ; Investment Corporation.

CEO of Solvest Inc. Ben Power said: “Building off the success of their wind farm constructed in 2012, Diavik has taken another significant step forward in demonstrating the viability of renewable energy for Northern and off-grid mines. Solvest is proud to have had the opportunity to work with our partners at Tłıchǫ; Investment Corporation to construct the largest off-grid solar power plant in Canada’s North. We believe this project provides a blueprint to facilitate the integration of solar into mines across Canada and in Northern regions.” Diavik is working with the Government of the Northwest Territories and community partners to determine how its renewable energy infrastructure can best benefit the region following closure.

Rio Tinto is progressing decarbonisation initiatives across its global operations, with the aim of reducing its Scope 1 and 2 GHG emissions by 50% by 2030 and to achieve net zero across its operations by 2050.
Posted at 20/5/2024 13:36 by philanderer
Citi downgrades Rio Tinto on rising China concerns


Citi has cut its rating for Rio Tinto from 'buy' to 'neutral', saying that macro headwinds are rising for the mining group following a period of share-price outperformance.

As for Friday's closing price of 5,785p, the stock had risen by around 27% since last August, but its deep discount to the wider sector has "now eroded", Citi said.

"We still have China macro concerns. We are unlikely to see any meaningful support for steel demand from recently announced property easing; all property indicators are still in deep contraction," the bank said.

"While the recent Politburo meeting pledged to support the property sector through supply and inventory management (to stabilise house prices and sales), Citi thinks this is unlikely to stimulate incremental steel demand."

Citi added that China steel mills are now loss-making again and we are entering into a period of seasonal weakness for mining equities.

The bank has left its 6,000p target price unchanged, which suggests very little upside to the stock, which was up 0.3% at 5,801p by 0935 BST.


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Rio Tinto share price data is direct from the London Stock Exchange

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