Rio Tinto logo

RIO - Rio Tinto News Story

5926p 45.0  0.8%

Last Trade - 4:45pm

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

BUZZ-European miners: Hit fresh 10-yr high on soaring commodity prices

Mon 10th May, 2021 9:02am
**  Miners are the biggest raisers on the pan-European STOXX
600 index  .STOXX , as metals prices soar on strong demand amid
tightening supply
    ** The STOXX basic resources index  .SXPP  rise 2.6%;
biggest raises include KGHM  KGH.WA , Rio Tinto  RIO.L , BHP
Billiton  BHPB.L  and ArcelorMittal  MT.AS  which are up between
2.2%-3.9%
    ** The sub-index gains on the back of surging iron ore
prices as strong Chinese demand for the steelmaking ingredient
pushed spot prices to the highest-ever level  urn:newsml:reuters.com:*:nL4N2MX0OQ
    ** Copper prices have also touched record highs on Monday on
hopes for improved demand amid tightening supply
    ** Gold prices are on the rise too and trade near a
three-month peak hit last week after an unexpected fall in April
U.S. jobs growth supported hopes that interest rates will remain
low, driving bullion demand  urn:newsml:reuters.com:*:nL4N2MX0T4
    ** .SXPP, which is up 29% this year, hits its highest level
since Feb 2011

 ((pawel.goraj@tr.com))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.