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RIO - Rio Tinto News Story

5926p 45.0  0.8%

Last Trade - 4:45pm

Basic Materials
Large Cap
Market Cap £95.21bn
Enterprise Value £99.12bn
Revenue £31.99bn
Position in Universe 14th / 1813

BUZZ-Copper miners down on firm dollar, weak China loan data

Thu 13th May, 2021 5:38pm
** Copper miners trade lower, tracking weakness in prices of
the metal due to a stronger dollar and weak loan data from top
consumer China 
    ** Benchmark copper  CMCU3  on the London Metal Exchange was
down 0.9% at $10,350 a tonne at 1557 GMT.  MET/L 
    ** U.S-listed shares of mining giants BHP Group  BHP.AX 
 BHP.N  and Rio Tinto  RIO.L ,  RIO.N  decline 1.96% and 3.04%,
    ** Freeport-McMoRan  FCX.N  falls 1.43%
    ** Southern Copper  SCCO.N , Ero Copper  ERO.TO , Hecla
Mining  HL.N , First Quantum Minerals  FM.TO  and Hudbay
Minerals  HBM.TO  down between 1.4% and 4.96%
    ** China's new bank loans fell more than expected in April
while money supply growth slowed to a 21-month low, as the
central bank gradually scales back pandemic-driven stimulus to
reduce debt and financial risks in hot areas of the economy*:nL4N2MU33C

 (Reporting by Rithika Krishna in Bengaluru)
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