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RIO - Rio Tinto News Story

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

BUZZ-Aussie miners extend losses as iron ore prices slump

Thu 13th May, 2021 6:04am
** Australian sub-index for miners  .AXMM  slides as much as
1.6%, on track for its third consecutive session of losses
    ** Aussie miners declined 0.7% in the previous session 
    ** AXMM tracks benchmark iron ore futures in China that fell
over 7% on Thursday, as market participants paused after a
five-session rally  IRONORE/ 
    ** Copper prices fell as higher-than-expected inflation rate
in the United States spiked fears of monetary tightening  MET/ 
    ** Big miners BHP Group  BHP.AX  and Rio Tinto  RIO.AX  lose
as much as 1% and 1.1%, respectively
    ** Perenti Global  PRN.AX , which is the biggest loser in
the sub-index, plummets as much as 29.7%
    ** AXMM up 14.2% this year, as of last close

 (Reporting by Vasudha Kaukuntla in Bengaluru)
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