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RIO - Rio Tinto News Story

6250p -25.0  -0.4%

Last Trade - 4:38pm

Basic Materials
Large Cap
Market Cap £101.59bn
Enterprise Value £105.45bn
Revenue £31.56bn
Position in Universe 13th / 1824

BUZZ-Australian miners snap 3-day losing streak as Asian iron ore futures rebound

Fri 12th March, 2021 12:04am
** Australian miners  .AXMM  jump as much as 2%, snapping
three consecutive session of losses 
    ** AXMM tracks benchmark Asian iron ore futures that
rebounded on Thursday after data showed monthly shipments of the
steelmaking ingredient to China from Australia's Port Hedland
slipped to a two-year trough  IRONORE/ 
    ** Sector heavyweights BHP Group  BHP.AX  and Rio Tinto
 RIO.AX  rose as much as 2.7% and 2%, respectively
    ** Copper-focused miner OZ Minerals  OZL.AX  and mining
infrastructure services provider Mineral Resources  MIN.AX  are
the biggest gainers on the subindex
    ** AXMM is up 1.7% this year, as of last close

 (Reporting by Vasudha Kaukuntla in Bengaluru)
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