Rio Tinto Stock News

Gold and financial stocks helped Australian shares close higher on Thursday, as investor sentiment improved after two research studies showed Omicron was less lethal compared with the Delta coronavirus variant. The S&P/ASX 200 index rose 0.3% to 7,387.6 points, closing in the green for a third consecutive day. The benchmark had gained 0.1% on Wednesday. While Australia reported more than 8,200 new cases, two separate studies in South Africa and London suggested the risk of hospitalisation from the Omicron variant was less severe compared with the Delta variant. The heavyweight financial index rose 0.6%, with the country''s "Big Four" banks ending up between 0.3% and 0.6%. Healthcare, mining stocks help Australian shares notch best day in 2 weeks Gold miners rose 1.3% as the yellow metal was poised for a second straight weekly gain. Dacian Gold Ltd and Tietto Minerals Ltd jumped 8.6% and 7.2%, respectively. Miners, which comprise a third of the benchmark, ended 0.3% higher as metal prices strengthened on supply concerns.

The iron ore producer''s shares have taken a hit amid its latest acquisition The post Is Rio Tinto (ASX:RIO) paying too much for the Rincon lithium project? appeared first on The Motley Fool Australia .

Anglo-Australian Rio Tinto Plc said today that it will buy the Rincón lithium project located in Argentina for US$825 million

Rio Tinto Group (NYSE:RIO) traded at $65.46 at last check on Wednesday, December 22, made a downward move of -0.83% on its previous days price. Looking at the stock we see that its previous close was $66.01 and the beta (5Y monthly) reads 0.62 with the days price range being $65.50 $66.19. The company Rio Tinto Group (NYSE: RIO) Todays Hot Stock Read More »

Fundamental Research Corporation ION Energy Ltd. (TSXV: ION / FRA: 5YB / OTC: IONGF) Rio Tintos Latest Deal Signals That Majors Are Moving Into Electric Vehicle Metals Highlights Initial results of a shallow drill program, consisting of 222 drill holes on its Baavhai Uul lithium brine project, returned highly encouraging values, including high-grades such as 1,502 ppm. For comparison, sampling conducted in 2016 had returned an average grade of 426 ppm. This report is currently available to premium subscribers Free subscribers [] The post ION Energy Ltd. (TSXV: ION / FRA: 5YB / OTC: IONGF) Rio Tintos Latest Deal Signals That Majors Are Moving Into Electric Vehicle Metals appeared first on Fundamental Research Corporation .

This article was originally published on TipRanks.com Metals and mining major Rio Tinto Group (NYSE:RIO) recently revealed that the company has entered into an agreement The post Rio Tinto to Snap up Rincon Minings Lithium Project for $825M appeared first on Smarter Analyst .

Rio Tinto has acquired the Rincon lithium project in Argentina from Rincon Mining for $825m in a move that signals Rios intent to grow exposure to battery metals. Rio Tinto have outlined a commitment to invest in the global energy transition to the Rincon acquisition demonstrates the delivery of their strategy. This acquisition is strongly aligned with [] The post Rio Tinto expands battery metal portfolio with lithium mine acquisition appeared first on UK Investor Magazine .

[12.22 Lithium Express] Rio Tinto will spend US $825 million to buy Rincon Lithium Mine in Argentina to speed up its foray into the field of battery materials. The largest single project in the global layout in the Gunningde era was put into production in Fuding. Sinovel signed a strategic cooperation agreement with Germany''s Dizzo. Yiyahua Group: the comprehensive production capacity of the company''s lithium salt products will reach more than 100000 tons by 2025. Kanagawa Jinnuo: plan to invest 3.9 billion yuan in iron phosphate related projects and lithium iron phosphate projects The code for the construction of shared exchange power stations for passenger cars and standards for the release of power exchange tracks or new tuyere

Link Administration, Charter Hall, and Rio Tinto were all involved in major corporate deals on Wednesday as Australian shares edged up 0.1 per cent.

Rio Tinto [ASX:RIO] is set to acquire the Rincon Resources Ltd [ASX:RCR] lithium project in Argentina for $825 million. The post Rio Tinto Makes $825 Million Lithium Play with Rincon Mining Acquisition (ASX:RIO) appeared first on Money Morning Australia .

Rio Tinto has signed a deal to buy the Rincon lithium project in Argentina for $US825 million ($A1.2 billion) as majors eye a supply crunch later this decade.

These ASX shares are falling on Wednesday… The post Why Brickworks, Charter Hall, Magellan, and Rio Tinto shares are falling appeared first on The Motley Fool Australia .

Rio''s purchase comes at a time when lithium is in strong demand globally as a vital ingredient in batteries for electric cars, while another expected mining product, borate, is used in solar panels and wind turbines.

Miners BHP and Rio Tinto have made calls on acquisition opportunities but investors did not warm to them or most of the market.

Here''s what''s happening on the ASX 200 on Wednesday The post ASX 200 (ASX:XJO) midday update: Rio Tintos lithium acquisition, Pilbara Minerals jumps appeared first on The Motley Fool Australia .