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RIO - Rio Tinto News Story

5809p -73.0  -1.2%

Last Trade - 18/06/21

Sector
Basic Materials
Size
Large Cap
Market Cap £94.05bn
Enterprise Value £97.99bn
Revenue £32.31bn
Position in Universe 14th / 1814

BUZZ-Aussie miners eye best day in 10 weeks on soaring commodity prices

Mon 10th May, 2021 1:54am
** Australian metal miners  .AXMM  rise as much as 3%,
eyeing its best session since March 3
    ** The sub-index saw gains on the back of surging iron ore
prices, as strong Chinese demand for the steelmaking ingredient
pushed spot prices to the highest-ever level, while gold prices
jumped after an unexpected drop in April U.S. jobs growth led to
a retreat in the dollar and Treasury yields  IRONORE/  GOL/ 
    ** Global miners Rio Tinto  RIO.AX  and BHP Ltd  BHP.AX ,
both scaled record highs, gaining as much as 2.6% and 2.1%,
respectively.  
    ** As at 0028 GMT, Fortescue Metals Group  GMG.AX  was up
4.6% and the top gainer on the sub-index
    ** Sandfire Resources  SFR.AX  jumps as much as 5.5%,
marking its highest since April 24
    ** Lithium-boron supplier Ioneer Ltd  INR.AX  was up 4.2%,
while gold heavyweight Newcrest Mining  NCM.AX  gained 1.9%
    ** AXMM has gained 12.2% this year, as of last close,
compared to a 7.5% rise in the benchmark <.AXJO.
    
  

 (Reporting by Harish Sridharan in Bengaluru)
 ((harish.sridharan@thomsonreuters.com))
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