Rio Tinto plc
NYSE: RIO
$67.90
+$1.89 (+2.9%)
Closing Price on July 3, 2024
RIO Articles
Source: ThinkstockAt the annual London Metals Exchange (LME) Week, which began Monday, no one expects major changes to the way the exchange manages its warehousing system for aluminum, copper and...
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Source: ThinkstockThe former CEO of mining company Xstrata has a new venture to keep him busy. Mick Davis has brought together his former management team, all of whom had to go job hunting after the...
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Source: ThinkstockIn a little more than two weeks, Alcoa Inc. (NYSE: AA) will report third-quarter results, and there is every reason to believe that those results will not be pretty. The consensus...
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Source: ThinkstockSince late June, copper prices have been trending upward, from a low of around $3.00 a pound to around $3.30 on Tuesday. Production is estimated to be 167,000 metric tons (tonnes)...
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Source: ThinkstockNot even the size of London-listed Glencore Xstrata’s $8.47 billion asset impairment came as much of a surprise to observers of the mining industry. The amount, which includes a...
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Source: ThinkstockThe U.S. Commodities Futures Trading Commission (CFTC) has subpoenaed documents and other communications and records going back to 2010 from a metals warehousing firm. Reuters...
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Source: ThinkstockFor the second time in as many weeks, key commodities companies have been slapped with lawsuits alleging that the two banks boosted aluminum prices by manipulating warehouse...
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Source: ThinkstockSunday’s New York Times story on the shenanigans played by Goldman Sachs Group Inc. (NYSE: GS) at its aluminum warehouse in Detroit is nothing especially new. What is new is that...
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Source: ThinkstockFor the second time in less than a week, a diamond miner has said that it will have to figure out a way to become more profitable in a tough economic environment. The CEO of De...
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Source: ThinkstockIf the value of something actually is determined by the price someone is willing to pay for it, Rio Tinto PLC’s (NYSE: RIO) diamond assets are worth far less than the mining giant...
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Source: ThinkstockAs the world’s largest mining companies look to shed assets as they seek to boost investor returns, the mining sector is drawing interest from private equity firms. Blackstone...
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Source: ThinkstockThere are a variety of ways to invest in precious metals. Buying gold or silver bars and coins is one. Exchange traded funds (ETFs) are another. A third way is by investing in...
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Source: ThinkstockAfter more than a year of twists and turns and negotiations, the $75 billion merger between Glencore International and Xstrata became official today. The new company will also get a...
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Source: ThinkstockIt was just at the end of last week that we gave a pre-earnings update for Caterpillar Inc. (NYSE: CAT) in our DJIA earnings season scorecard, warning that the market was expecting...
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Source: ThinkstockRising stockpiles of virtually every commodity had led to a sharp drop in long-dated noncommercial (speculative) futures. Slowing growth in the United States and elsewhere is...
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