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RIO - Rio Tinto News Story

5645p -18.0  -0.3%

Last Trade - 12/04/21

Sector
Basic Materials
Size
Large Cap
Market Cap £91.68bn
Enterprise Value £95.65bn
Revenue £32.54bn
Position in Universe 14th / 1817

BUZZ-UK mining index: Set for biggest one-day drop in nearly a year as nickel slumps

Thu 4th March, 2021 10:12am
** FTSE mining index  FTNMX1770  down 5%, set for its
biggest intraday decline since April 2020
    ** Three-month nickel on London Metal Exchange  CMNI3 
dropped as much as 8.5% to $15,945 a tonne, its biggest intraday
loss since December 2016  urn:newsml:reuters.com:*:nL2N2L20BQ
    ** Prices of the metal in Shanghai dropped the most in nine
months after a major deal by Chinese firm Tsingshan eased
worries of battery-grade nickel supply shortages
    ** Globally, stocks fell as a jump in U.S. bond yields
knocked risk appetite  urn:newsml:reuters.com:*:nL3N2L2207
    ** UK-listed shares of Rio Tinto  RIO.L  and BHP Group
 BHPB.L  fell 5.8% and 4.9%, respectively, after their
Australia-listed stocks were hit by ex-dividend trading
 urn:newsml:reuters.com:*:nL3N2L20KM
    ** RIO top loser on the mining index
    ** Other mining majors Glencore  GLEN.L , Antofagasta
 ANTO.L  and Anglo American  AAL.L  fall between 3.1% and 4.4%

 (Reporting by Shanima A in Bengaluru)
 ((shanima.a@thomsonreuters.com; Direct: +91 7760347399;))
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