Reports that an activist hedge is trying to pressurise Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) to dump its UK listing would be the icing on what has been a very tough year for the mining sector in London. Finance at the small-cap end has dried up while the bigger players have been affected by China's steady economic slowdown.
Shares in Arcadium Lithium PLC (NYSE:ALTM, ASX:LTM) rose 9% overnight as investors backed the US$6.7 billion cash takeover of the metals processing firm by Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF). The deal, which is Rio's biggest for seventeen years, now faces regulatory approval in the US where it will be a test of the new Trump administration's attitude to foreign takeovers.
Rio Tinto and BHP are set to build Australia's largest ironmaking electric smelting furnace pilot plant study to lower emissions.
Rio Tinto intends to develop a demonstration plant in Canada that can produce up to 3.5 tons of gallium per year.
RIO will move forward with its first commercial-scale lithium operation, the Rincon project, with a $2.5-billion investment.
The head of global mining group Rio Tinto , pledged to act if wrongdoing was discovered following the filing of sexual harassment lawsuits against the company.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) latest guidance update for 2025 and mid-term mostly came online to consensus and our expectation, says US bank Citi. Iron ore shipments are guided to be flat year-on-year at 323-338 million tonnes, slightly below its estimates, while copper production is set for accelerated growth with the Oyu Tolgoi ramping up.
The exodus of companies leaving the London Stock Exchange has hit a 14-year high as Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) became the latest to face pressure from investors over a move. Some 45 firms have ditched their listings in London this year, marking the highest level since 2010, according to Bloomberg compiled figures.
The shares of diversified mining giant Rio Tinto (NYSE: RIO) have declined almost 16% year to date, underperforming the broader markets. The company recently posted higher shipments of both iron ore and bauxite for the third quarter of 2024, while aluminum and copper shipments declined.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF)-backed ElectraLith is set to unveil plans for a further funding round to raise AU$29 million (£15 million) over the coming days. ElectraLith, which is developing filtration technology for the extraction of lithium without water or chemicals, received backing from Rio Tinto earlier in the year to commercialise the process.