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RIO - Rio Tinto News Story

6477p 69.0  1.1%

Last Trade - 06/05/21

Sector
Basic Materials
Size
Large Cap
Market Cap £103.74bn
Enterprise Value £107.66bn
Revenue £32.09bn
Position in Universe 12th / 1821

BUZZ-Australian miners touch 1-1/2-month low as copper prices decline

Fri 19th March, 2021 12:39am
** The Australian sub-index for miners  .AXMM  was down as
much as 1.7% by 0028 GMT, its lowest since Feb 1
    ** Aussie miners track copper prices that came under
pressure on Thursday due to higher dollar and spiking U.S.
Treasury bond yields  MET/L 
    ** AXMM rose 0.4% in the previous session 
    ** Mining heavyweights BHP  BHP.AX  and Rio Tinto  RIO.AX 
decline as much as 2.3% and 1.5%, respectively 
    ** The world's fourth-largest iron ore miner Fortescue
Metals Group  FMG.AX  drops as much as 1.3%
    ** The world's largest producer of rare earths outside China
Lynas Rare Earths  LYC.AX  slumps as much as 3.3%
    ** Australian mining and metals sector up nearly 1% this
year, as of last close 
     

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