Rio Tinto logo

RIO - Rio Tinto News Story

5926p 45.0  0.8%

Last Trade - 4:45pm

Basic Materials
Large Cap
Market Cap £95.21bn
Enterprise Value £99.12bn
Revenue £31.99bn
Position in Universe 14th / 1813

BREAKINGVIEWS-Crazy metal prices inflate miners’ capex conundrum

Fri 14th May, 2021 10:39am
(The author is a Reuters Breakingviews columnist. The opinions expressed are his own.) By George Hay LONDON, May 14 (Reuters Breakingviews) - Sky-high copper and iron ore values should make the likes of Rio Tinto and BHP invest in extra supply for the green energy transition. But shareholders wary of past write-downs want dividends, not risky new projects. The higher prices climb, the starker the disconnect. Full view will be published shortly. Follow @gfhay on Twitter CONTEXT NEWS - The Bloomberg Commodity Index of top commodities was trading at $92.36 on May 14, up 51% on a year ago. - Copper traded on the London Metal Exchange was trading at $10,243 a tonne, up 97% on a year ago. - Benchmark iron ore futures on China’s Dalian Commodity Exchange, for June delivery, have fallen from 1380.50 yuan a tonne on May 12 to 1,236.50 yuan on May 14. - For previous columns by the author, Reuters customers can click on HAY/ <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Wood Mackenzie article BREAKINGVIEWS-Cobalt angst will turn carmakers into mine owners*:nL8N2MX1UY ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^> (SIGN UP FOR BREAKINGVIEWS EMAIL ALERTS | Editing by Ed Cropley and Oliver Taslic) ((; Reuters Messaging:
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.