Company
LON:RIO
Rio Tinto Ltd is a leading international mining group that finds, mines and processes the earth's mineral resources. The Group's major products include aluminium, copper, diamonds, energy products, gold, industrial minerals (borates, titanium dioxide, salt and talc), and iron ore. Its activities span the world but are strongly represented in Australia and North America. There are also significant businesses in South America, Asia, Europe and southern Africa.
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Aside from the UK data, investors will have trading updates from bluechip miner Rio Tinto, mid-cap staffing group Hays, and trackies to trainers retailer JD Sports Fashion to digest
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There will be plethora of UK data - jobs, inflation, and retail sales - plus corporate updates from the likes of Unilever, BHP Rio Tinto, Bunzl and Rentokil Initial
Investments and investor services
"Equities have been relentlessly positive all day, with the session having started off on the front foot thanks to Chinese credit growth, which rose 10.7% over the year to hit a sum equivalent to 9% of the country’s GDP," said Chris Beaucha
The US Government has classed lithium as a critical mineral as it aims to reduce reliance on China.
While the index does contain the heavyweights of the London market, they're not the most reliable indicator of how the UK's markets are actually performing
Deutsche Bank’s analysts estimate a 12-month total return of around 25% from the stock, while over the medium term, based on a 2022 exit rate, they see a blue-sky scenario of 3,000p
The news comes a day after Rio Tinto revealed the extent of the damage on production that the storm had caused
The FTSE 100-listed firm said annual Pilbara shipments are now expected to be at the lower end of its previous guidance of between 338mln to 350mln tonnes
If shareholders agree, the natural resources fund may take over a lion’s share of VRM this quarter then delist the entity.
Investments and investor services
Footsie closed at 7,279, up nearly 45 points on the day
The project is a joint venture with operator Margaret Lake Diamonds Inc, which has a 60% stake
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The UK blue-chip index finished down nearly 33 points lower at 7,291
Gold is the perennial safe haven, and copper is the economic bellwether, but what about the others?
Armada surrounds Greatland and Newcrest’s project at three sides.
The ongoing staking rush in Paterson is now beginning to bear fruit, for Newcrest and others
Investments and investor services
Samso seeks to help clients with business development and public investor/relation needs. Samso has over 30 years of experience in developing business ideas and concepts in the Australasian region.
SocGen’s analysts said: “While sentiment towards the sector remains positive, it is uncertain how long this will last given mixed macroeconomic data and relatively subdued commodity price momentum”
