European stocks are expected to open broadly higher on Tuesday as investors try to gauge the direction of efforts to end the U.S.-Iran war.
Shares in Sovereign Metals Ltd (ASX:SVM, OTCQX:SVMLF, AIM:SVML, FRA:SVM) rose 10% to 40.20p after the company published a definitive feasibility study for its Kasiya rutile and graphite project in Malawi, confirming a pre-tax net present value of $2.2 billion against initial capital expenditure of $727 million. The study, completed with technical oversight from Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF), projects steady-state annual EBITDA of $476 million and free cash flow of $452 million over a 25-year mine life, with total revenue of $16.2 billion.
RIO surges 72.4% in a year, fueled by strong copper output, expanding projects and strategic moves in lithium, aluminum and low-carbon tech.
Rio Tinto NYSE: RIO and BHP Group NYSE: BHP have been synonymous with the foundational materials of the industrial world. Their fortunes, built on mountains of iron ore and coal, have risen and fallen with the cycles of global construction and manufacturing.
RIO delivers steady 2025 iron ore output, with Pilbara resilience, improved efficiency and new project progress offsetting weather disruptions and cost pressures.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
RIO posts strong copper output growth, driven by Oyu Tolgoi gains and Nuton tech milestone, as key projects advance to support long-term expansion.
London's FTSE 100 rose on Monday, helped by gains in heavyweight miners and energy producers that offset weakness elsewhere. Firmer commodity prices supported the move, even as investors stayed cautious with the Middle East conflict entering its fifth week, Reuters reported.
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) shares rose 3.6% in early trading after the mining giant said its iron ore port operations in Western Australia had largely resumed following tropical cyclone Narelle. The FTSE 100 company said three of its four Pilbara port terminals, including East Intercourse Island, had restarted ship loading on 28 March, with repairs underway at the fourth, Cape Lambert A, expected to be completed within days.
Rio Tinto Ltd (LSE:RIO, ASX:RIO, OTC:RTNTF) told investors that a A$2 billion funding partnership with the Queensland and Commonwealth governments will help secure the long-term future of the Boyne aluminium smelter in Gladstone, keeping the operation internationally competitive beyond its current power contract. The 10-year deal, running to 2040, is set to support the smelter's shift to long-term competitive power and keep aluminium production running after Boyne's existing electricity contract ends in 2029.
Investors interested in stocks from the Mining - Miscellaneous sector have probably already heard of Rio Tinto (RIO) and Wheaton Precious Metals Corp. (WPM). But which of these two stocks is more attractive to value investors?
RIO shows resilient 2025 iron ore output as Pilbara rebounds from disruptions and major growth projects advance.