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RIO - Rio Tinto News Story

5844p 52.0  0.9%

Last Trade - 12:25pm

Basic Materials
Large Cap
Market Cap £93.77bn
Enterprise Value £97.68bn
Revenue £32.03bn
Position in Universe 15th / 1814

BUZZ-Aussie miners set for best week since January as commodity prices surge

Fri 7th May, 2021 2:17am
** Australian metals miners  .AXMM  rise as much as 1.1% to
5,912.0, and were on track to add 4% over the week, their best
since January 8
    ** Gains on the back of surging commodity prices: iron ore
futures  DCIOCv1  up about 7% after a five-day Labour Day
holiday, while copper extends gains on previous session's
10-year peak  IRONORE/   MET/L 
    ** Blue-chip miners BHP Group  BHP.AX  and Rio Tinto
 RIO.AX  jump as much as 0.9%, marking their fourth consecutive
sessions of gains
    ** Copper-focused OZ Minerals  OZL.AX  up 2.5% to hit its
highest level in nearly three weeks
    ** Sandfire Resources  SFR.AX  jumps 1.6%, trading near its
highest level since July 2019 scaled earlier in the week
    ** AXMM up 10.8% this year, as of last close, vs a 7.2%
increase in the ASX 200 benchmark index  .AXJO 

 (Reporting by Sameer Manekar in Bengaluru)
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