Iron ore demand robust even as China’s economy slumps MINING Iron ore demand in China has proven robust even amid a domestic property crisis and a sluggish revival from the pandemic, data suggests.
Rio Tinto suffers from China’s sluggish revival despite inching closer to mega mine project in Guinea RIO TINTO Investor sentiment towards multinational miner Rio Tinto has not improved in this week's early trading on the London Stock Exchange.
Rio Tinto profits sink as iron ore prices ease and China’s economy stutters MINING Rio Tinto has reported its lowest first-half year profits since the pandemic, with earnings tumbling amid easing iron ore prices.
Rio Tinto warns of global slowdown risks amid production issues July 19, 2023 Rio Tinto flagged concerns about a global economic slowdown on Wednesday as it logged a raft of production issues across its operations.
The West is now awake to the critical minerals race, says Rio Tinto boss July 18, 2023 Governments across the West have woken up to the urgency needed to secure essential metals and minerals, Rio Tinto's chief executive has said.
FTSE 100 close: Rio Tinto and Glencore hoist London index as UK economy resumes growth June 14, 2023 London’s FTSE 100 jumped today, led higher by industrial giants offsetting losses among retail and consumer-focused firms and housebuilders. The capital’s premier index added 0.1 per cent to close at 7,602.75 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, was largely unchanged at 19,175.50 [...]
FTSE 100 close: London index claws back losses as pound and oil prices soar June 1, 2023 London’s FTSE 100 clawed back losses today after posting its worst month since last summer in May, led higher by mining giants regaining ground following yesterday’s sharp losses. The capital’s premier index climbed 0.59 per cent to 7,490.28 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
FTSE 100 live: London’s blue chip index ends the week on a positive, but subdued note April 21, 2023 The FTSE 100 ended a quiet week with another subdued session on Friday, but it managed to eke out a small gain and kept above 7,900 points. Shares in the top index in London gained 11.52 points, rising by 0.2 per cent to 7,914.13. It came despite heavy losses for the country’s biggest mining companies. [...]
FTSE 100 close: THG skyrockets 40 per cent while miners edge London index higher April 17, 2023 London’s FTSE 100 kicked off a fresh week in muted fashion today, inched higher by investors snapping up shares in mining giants, while fashion firm THG skyrocketed more than 40 per cent on mounting takeover rumours. The capital’s premier index added 0.1 per cent to close at 7,879.52 points, while the domestically-focused mid-cap FTSE 250 [...]
Rio Tinto rocked by weaker commodity prices as it reports steep downturn in profits February 22, 2023 Higher energy costs, inflation, and downward pressure on commodity prices has weighed on profits at multinational miner Rio Tinto.