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RIO - Rio Tinto News Story

6260.94p -314.1  -4.8%

Last Trade - 11:05am

Sector
Basic Materials
Size
Large Cap
Market Cap £106.45bn
Enterprise Value £110.32bn
Revenue £31.75bn
Position in Universe 12th / 1827

BUZZ-Aussie miners gain on strong Dalian Iron Ore prices post Lunar New Year Holiday

Thu 18th February, 2021 3:53am
** Australian metals and mining subindex  .AXMM  rises as
much as 0.6% to hit its highest level since Jan. 11
    ** Mining stocks track Dalian Iron Ore  DCIOcv1  that rose
more than 6% as China markets reopen after Lunar New Year
Holiday  IRONORE/  
    ** World's fourth-largest iron ore miner Fortescue Metals
Group  FMG.AX  posted 66% rise in H1 profit to $4.08 bln
 urn:newsml:reuters.com:*:nL4N2KO0CB
    ** FMG Chief Executive Elizabeth Gaines said on Thursday
global iron ore market is likely to remain robust for some time,
given supply concerns and stronger-than-usual demand from top
consumer China  urn:newsml:reuters.com:*:nL1N2KO06O
    ** Global miner BHP Group  BHP.AX  rises as much as 0.3% and
Rio Tinto  RIO.AX  gains as much as 1.2%
    ** AXMM had risen 7.5% this year, as of last close
    
  

 (Reporting by Vasudha Kaukuntla in Bengaluru)
 ((Vasudha.Kaukuntla@thomsonreuters.com))
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