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As of Mar 25, 6:25 PM ET ·
RIO News30 articles
Vale Shares Slip on RBC Downgrade Despite Record Iron Ore Output
Vale's stock declined as RBC downgraded the shares, arguing the recent rally has made them fairly valued. The move overshadowed strong operational results, including record annual iron ore output and a major milestone in recovering ore from waste material.
Commodities
ASX 200 Recovers 1.1% as Energy Stocks Slide on Oil Price Retreat
Australian shares rebounded on Tuesday, with the benchmark index gaining 1.09%. The recovery was led by materials and financials, while energy stocks declined as oil prices retreated from recent highs.
Markets
Rio Tinto Bauxite Diverted Amid Hormuz Blockage, Aluminium Prices Surge
A Rio Tinto bauxite cargo from Australia has been diverted to China following a blockage in the Strait of Hormuz, contributing to a spike in aluminium prices as Gulf smelters face supply shortages.
Commodities
ASX 200 Plunges on Oil Price Surge, Bond Yields Spike
The S&P/ASX 200 tumbled 2.85% to 8,599, its worst single-day decline in 11 months, driven by a sharp spike in oil prices and rising bond yields. Materials and technology sectors led the losses.
Markets
Rio Tinto and WA Government Launch $1.1B Desalination Plant to Ease Pilbara Water Crisis
Rio Tinto and the Western Australian government have formed a joint venture to complete the A$1.1 billion Dampier Seawater Desalination Plant. The project aims to deliver 8 billion litres of water per year to the water-stressed West Pilbara region, with initial output starting in late 2026.
Commodities
Mineral Resources Achieves Full Crusher Capacity at Onslow Iron Project
Mineral Resources has activated three crushers at its Ken's Bore operation, achieving installed capacity of 40.9 million tonnes annually. The company shipped 8.7 million tonnes from Onslow Iron last quarter while working to reduce its A$4.9 billion net debt.
Commodities
Fortescue Directors Signal Confidence with Share Purchases Following Strong Earnings
Directors at Fortescue Ltd acquired shares worth approximately A$114,664 following the company's robust half-year results, which included a significant profit increase and a higher interim dividend.
Earnings
Anglo American CEO Sells Shares After LTIP Vests at 21.2%
Anglo American CEO Duncan Wanblad sold 24,074 shares at £36.384 each to cover tax obligations following the vesting of incentive awards. The company's 2023 long-term incentive plan paid out at 21.2% of the maximum potential award.
Commodities
Rio Tinto and Western Australia Launch $1.1B Desalination Venture
Rio Tinto and the Western Australian government have established a 50:50 joint venture to construct a A$1.1 billion seawater desalination plant near Dampier. The expanded facility will provide 8 gigalitres of water annually to local towns and mining operations.
Commodities
Fortescue Directors Increase Holdings Following Strong Earnings, Dividend Boost
Multiple Fortescue board members acquired shares in late February, following the iron ore miner's announcement of a 23% jump in first-half earnings and an increased interim dividend. The stock gained 2% on Thursday.
Earnings
BHP Shares Decline Amid Mining Sector Weakness Ahead of Dividend Date
BHP Group's U.S.-listed stock dropped sharply alongside other major miners, with attention turning to its interim dividend schedule and persistent macroeconomic headwinds.
Commodities
Glencore Leads Mining Sector Lower Amid Middle East Tensions, Oil Spike
Glencore stock dropped more than 3% in London trading, retreating from a yearly high as escalating geopolitical risks and surging oil prices pressured the broader mining sector and European equities.
Markets
Glencore Shares Retreat as Middle East Tensions Fuel Market Selloff
Glencore shares dropped more than 3% in London trading, leading a broad decline among mining stocks as escalating Middle East conflicts and surging oil prices sparked a risk-off sentiment across European markets.
Markets
Rio Tinto Shares Slide on Geopolitical Tensions, Company Advances Projects
Rio Tinto shares declined more than 2% in early London trading, pressured by broader market losses amid heightened Middle East tensions. The company simultaneously moved forward with a major mineral sands restart and a critical minerals pilot plant.
Commodities
Rio Tinto Shares Slide Amid Middle East Tensions, Project Approvals
Rio Tinto shares declined more than 2% in early London trading, pressured by broader market concerns over Middle East conflicts and spiking energy costs. The miner simultaneously approved a major mineral sands restart and received government backing for a critical minerals pilot plant.
Markets
Fortescue Leads ASX Decline Amid Iron Ore Volatility, China Data Awaited
Fortescue Metals Group underperformed major mining peers on Tuesday, falling 4.49% to A$19.58. The decline comes amid choppy iron ore markets and anticipation of critical Chinese manufacturing data and policy targets.
Commodities
Fortescue Leads Iron Ore Slump as China Data, Shipping Risks Weigh
Fortescue Metals Group underperformed major miners, dropping 4.49% as iron ore prices softened. Market attention turns to China's manufacturing data and annual policy announcements, with shipping risks adding pressure.
Commodities
Rio Tinto Gains in London Despite Iron Ore Weakness Ahead of China Policy Meetings
Rio Tinto's London-listed shares advanced 0.6% to 7,379 pence, even as iron ore futures declined in Asia. Market attention is centered on China's upcoming policy meetings and Rio's ex-dividend date on March 5.
Commodities
Rio Tinto Gains in London Despite Iron Ore Weakness Ahead of China Policy Meetings
Rio Tinto's London-listed shares advanced 0.6% to 7,379 pence, even as iron ore futures declined in Asia. Market focus is on China's upcoming policy meetings and Rio's ex-dividend date.
Commodities
BHP Reaches 52-Week Peak Ahead of Key Dividend Milestone
BHP Group Ltd surged to a 52-week high of A$59.25, gaining 1.4% as the market anticipates its upcoming ex-dividend date. The mining giant also updated its interim dividend notice with key currency conversion details.
Markets
BHP Reaches 52-Week Peak Ahead of Dividend Deadline
BHP Group Ltd surged to a 52-week high of A$59.25, up 1.4%, as the market anticipates its upcoming ex-dividend date. Iron ore benchmarks softened amid high inventory levels.
Markets
ASX 200 Hits Record High Ahead of Critical GDP, Trade Data
The Australian share market reached a new closing peak of 9,198.6 points on Friday, buoyed by resource stocks. Attention now turns to a heavy week of economic releases that could influence interest rate expectations.
Markets
FTSE 100 Rises on US Tariff Ruling, UK Data; BoE Decision Looms
London's FTSE 100 index closed higher, lifted by a US court decision striking down Trump-era tariffs and better-than-expected UK retail sales. Defence shares were the week's top performers.
Markets
ASX 200 Nears Record High as Banks Rally, Miners Weigh
The Australian share market ended Friday's session slightly lower but posted strong weekly gains, with financials advancing and materials declining. Key earnings from Rio Tinto and QBE drove sector moves.
Markets
ASX 200 Ends Winning Streak as Rio Tinto Disappoints; QBE Earnings Shine
The Australian share market closed slightly lower on Friday, ending a four-session advance, weighed down by weakness in the mining sector following Rio Tinto's annual results. The benchmark index still posted a solid weekly gain of 1.8%.
Markets
FTSE 100 Gains on Strong UK Retail Data, Anglo American Reports Loss
London's FTSE 100 advanced 0.5% on Friday, buoyed by unexpectedly strong UK retail sales data. Anglo American reported a substantial loss following another impairment at its De Beers diamond unit.
Markets
Glencore Holds Steady on $2 Billion Payout Amid Mixed 2025 Results
Glencore's stock showed minimal movement following its 2025 financial report, which included a $2 billion capital return plan and earnings that exceeded analyst expectations despite a decline.
Earnings
Rio Tinto Shares Gain Despite Earnings Shortfall, Outlines Strategic Shifts
Rio Tinto's London-listed shares advanced 0.5% despite posting flat 2025 underlying earnings that fell short of forecasts. The company boosted its lithium investment and reaffirmed its dividend policy.
Earnings
Lloyds Shares Dip Amid Buyback, UK Retail Sales Surge
Lloyds Banking Group shares dropped 2.5% on Thursday following a share repurchase announcement, while UK retail sales exceeded forecasts with a 1.8% monthly gain.
Markets
South32 Shares Dip Amid Copper Volatility and Dividend Focus
South32 shares closed lower at A$4.39, with markets focused on copper price volatility and the company's interim dividend ex-date of March 5. The miner also plans to idle its Mozal aluminium smelter in Mozambique.
Commodities