RIO Rio TintoWatchlist
About Rio Tinto Company
Rio Tinto Plc engages in the exploration, mining, and processing of mineral resources. It operates through the following business segments: Iron Ore, Aluminium, Copper, and Minerals. The Iron Ore segment supplies iron ore mining and salt and gypsum production. The Aluminium segment produces bauxite, alumina and primary aluminum. The Copper segment offers gold, silver, molybdenum and other by-products. The Minerals includes businesses with products such as uranium, borates, salt and titanium dioxide feedstock together with coal operations. The Other Operations segment covers the curtailed Gove alumina refinery and Rio Tinto Marine operations. The company was founded in 1873 and is headquartered in London, the United Kingdom.
Rio Tinto's biggest single investment in the next few years may be a huge African iron ore project
(Global Business News) Rio Tinto (Rio Tinto)'s biggest single investment in the next few years may be a huge African iron ore project. The project may reshape the global supply pattern of this steelmaking raw material. The second-largest miner in the world by market capitalization said on Wednesday that it expects to invest about US$6.2 billion in the initial development of the Simandou (Simandou) iron ore project, including the development of port and railway infrastructure to export the project's ore. The iron ore contained in Guinea's Simandou Mountains is one of the largest undeveloped iron ore deposits in the world. In the iron ore market, which has long been dominated by Australian and Brazilian exports
Rio Tinto (RIO) Kennecott Operations to Run on Renewable Diesel
Early trading of US stocks | “Small non-farmers” fuel expectations of the Fed's interest rate cut! The three major indices rose slightly; technology stocks and China Securities generally rose, and Tesla rose nearly 3%
US stocks opened slightly higher on Wednesday, and the Dow and S&P 500 indices rebounded after falling for two consecutive trading days. The increase in US ADP private employment in November fell short of expectations, further confirming that the US labor market is cooling down and providing new fuel for the Fed's interest rate cut expectations.