Rio Tinto Stock News

Rio Tinto will cut all its commercial ties with Russian companies

Rio Tinto on Thursday became the latest corporation to cut ties with Moscow saying it was ending all commercial relations with Russian businesses

Mining giant’s decision follows other big names exiting Russia and casts doubt over Queensland Alumina Ltd joint venture

(Reuters) – Rio Tinto on Thursday became the latest corporation to cut ties with Moscow saying it was ending all commercial relations with Russian businesses.

(Reuters) -Rio Tinto on Thursday became the latest corporation to cut ties with Moscow saying it was ending all commercial relations with Russian businesses.

Rio Tinto Ltd is working to maintain steady supplies of fuel and other goods for its Mongolian copper operations from suppliers that buy from Russia and elsewhere, a top executive at the mining giant said on Wednesday.

Rio Tinto working to ensure access to Russian fuel for Mongolia project -exec

The FTSE 100 was in the black on Wednesday, as investors waded back in to buy beaten down stocks.

Rio Tinto Ltd is working to maintain steady relationships with Russia to ensure supplies of fuel and other goods for its Mongolian copper operations, a top executive at the mining giant said on Wednes

A billionaire investor just said that Russia's attack on Ukraine means World War 3 has likely already started. See our top picks during these tumultuous times.

Rio Tinto plc with ticker (LON:RIO) now has a potential downside of -33.8% according to Barclays. [stock_market_widget type="chart" template="basic" color="green" assets="RIO.L" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] Barclays set a target price of 4,400 GBX for the company, which when compared to the Rio Tinto plc share price of 5,888 GBX at opening today (09/03/2022) indicates a potential downside of -33.8%. Trading has ranged between 4,354 (52 week low) and 6,788 (52 week high) with an average of 4,228,538 shares exchanging hands daily. The market capitalisation at the time of writing is £96,777,138,590. Rio Tinto plc is a United Kingdom-based mining and metals company. The Company is principally engaged in the production of materials essential to human progress. The Company''s segments include Iron Ore, Aluminium, Copper and Minerals. The Company operates an integrated portfolio of Iron Ore assets: a network of 16 mines, four independent port terminals, and a 1,700 kilometer rail network and related infrastructure in the Pilbara region of Western Australia.

Here is how Rio Tinto (RIO) and Golden Minerals (AUMN) have performed compared to their sector so far this year.

The FTSE 100 continued to gyrate with global equity markets on Tuesday, moving into the black and back above a key level.

Here is how Rio Tinto (RIO) and Golden Minerals (AUMN) have performed compared to their sector so far this year.