RIO Share Price History
14 May, 2021
Mining stocks have bulldozed ahead as prices for copper, iron ore and aluminum surged. Long-term bullish outlooks for copper prices are tied to green energy and EVs.
Iron ore prices have been gaining on the back of strong demand in China and supply concerns, which will reflect on the BHP Group's (BHP) results.
13 May, 2021
The world's top three iron ore miners on Thursday launched a competition to crowdsource efficient ways to deliver power to battery-electric haulage truck fleets as they strive to cut greenhouse gas emissions. The "Charge on Innovation Challenge", run by BHP Group, Rio Tinto and Vale S.A. with Australian mining services body Austmine, is looking for fast-charging concepts that would deliver around 400 kilowatt-hours (kWh) of electricity to truck fleets at remote mine sites. The mining industry is looking to move its diesel powered truck fleets to electric to cut emissions.
12 May, 2021
Canadian miner Turquoise Hill Resources Ltd on Wednesday beat estimates for first-quarter profit, helped by increased production of copper and gold at its Oyu Tolgoi mine in Mongolia and higher commodity prices. However, the company cut its outlook for full-year gold and copper output to reflect modification of the mine design in Phase 4B and increased uncertainty resulting from COVID-19 related controls now in place at the site. Oyu Tolgoi is one of the world's largest copper-gold-silver mines.
11 May, 2021
(Bloomberg) -- Palantir Technologies Inc. expects sales to grow 43% in the second quarter, showing new distribution deals are putting its data analysis software into the hands of more customers.Revenue will reach $360 million in the period ending in June, the company said in a statement Tuesday. Shares gained 9.4% to close at $20.21 in New York.With more cash flowing in, the Denver-based company said it’s embracing a newer form of currency: Bitcoin. Palantir accepts customer payments in Bitcoin and is debating whether to use company cash to purchase the asset, Chief Financial Officer David Glazer said on a conference call with analysts. Such a move would follow similar ones by Square Inc. and Tesla Inc., which helped drive a surge in Bitcoin prices.The results provided some signs of encouragement after a prolonged slump for the company. At the close of trading Monday, the shares had reached their lowest point in almost six months, reflecting a sharp turn away from technology stocks by investors worldwide over concerns about inflation.Co-founders Peter Thiel and Alex Karp started Palantir with a focus on providing tools and consulting to the U.S. and allied governments. Palantir has overhauled its software in recent years to court more businesses and lower prices for customers.The company has placed a great deal of emphasis on growth, which shows in the results. In the first quarter, revenue increased 49% to $341 million, beating estimates.However, Palantir said compensation costs ballooned, contributing to a loss in the first quarter that was wider than expected. The loss was 7 cents a share as stock-based compensation more than tripled in the period that ended in March.Palantir said it signed 11 new commercial customers during the quarter and invested in two customers with long term potential: Sarcos Robotics and aviation startup Lilium. Chief Operating Officer Shyam Sankar said both companies built operations around Palantir’s Foundry software “from day zero.” “Manufacturing is a huge focus for us and one of deep strength,” he said.New customers, including Pacific Gas and Electric Co. and the U.S. National Nuclear Security Administration, drove first-quarter sales, along with expanded agreements with existing customers such as 3M Co., BP Plc and the mining company Rio Tinto Plc.Palantir expanded its small sales team during the previous quarter, bringing on 50 sales people, and struck partnerships with International Business Machines Corp. and Fujitsu Ltd. to re-sell its technology and with Amazon.com Inc.’s Web Services to support it.The company maintained an earlier forecast for annual revenue growth of 30% or more through 2025. Palantir reported U.S. government revenue grew 83% in the first quarter, while sales from U.S. businesses increased 72%. It didn’t disclose the global breakdown of the two business divisions.(Updates with executive comments starting in the third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
10 May, 2021
Is (RIO) Outperforming Other Basic Materials Stocks This Year?
Six of the 10 top FTSE 100 stocks on Monday morning were also miners or commodity traders.
07 May, 2021
Dow Jones Today, Nasdaq Rally Despite April Payrolls Miss: Miners Rally As Copper Jumps; Alphabet, Rio Tinto In Buy Zones
DraftKings and Spectrum Brands gained on earnings and Nike led the Dow Jones today, as stocks rose after April payrolls data.
Spot iron ore broke $200 (£143) a tonne for the first time, while copper, which is seen as a bellwether of the health of the global economy, hit more than $10,200 per tonne in London on Friday.
06 May, 2021
Popular and Rio Tinto are two of the 10 non-U.S.-based growth stocks currently showing on IBD's Global Leaders stock screen.
Dow Jones Futures: Vaccine Makers Continue To Sell Off, But Chevron, Goldman Lead 10 Stocks Flashing Buy Signals
A slim market rally faded as the Biden administration backed lifting Covid vaccine patents. But 10 stocks flashed buy signals, including several energy and commodity plays.
MELBOURNE (Reuters) -A majority of Rio Tinto's shareholders rejected the global miner's executive pay packages on Thursday, in a backlash over its destruction last year of ancient rock shelters in Western Australia. Rio Tinto blasted 46,000-year-old rock shelters at Juukan Gorge last May to expand an iron ore mine, sparking condemnation from investors, politicians, its own staff and the wider community. Following the company's Australian annual meeting, Rio Tinto said more than 60% of votes cast by investors in the Anglo-Australian dual-listed company were against its remuneration report.
Rio Tinto has suffered a major revolt by shareholders over the exit package handed to former chief executive Jean-Sébastien Jacques, one of several investor rebellions over pay on a bruising day for UK-listed companies. More than 60 per cent of the votes cast at Rio’s annual meetings in London and Sydney were against its remuneration report, making it the most significant rebellion this year against a UK-listed company on pay. Jacques and two of his senior lieutenants resigned in September following an outcry over the blasts at the 46,000-year-old Juukan Gorge site in Western Australia to make way for a mine expansion.
05 May, 2021
In the latest trading session, Rio Tinto (RIO) closed at $90.38, marking a +3.69% move from the previous day.
Rio Tinto stock is the IBD Stock of the Day as the mining giant's shares break out of a base on rising metal prices, which are lifting other miners too.
04 May, 2021
Rio Tinto is just a cup-with-handle buy point.
03 May, 2021
ASI certifies Rio Tinto’s ISAL smelter for responsible production
01 May, 2021
Rio Tinto, Five9, Generac, the Cheesecake Factory and Goldman Sachs stock are all top stocks to watch as they near a buy range.
30 Apr, 2021
Rio Tinto updates details of tailings facilities
29 Apr, 2021
Sanjeev Gupta is locked in a legal battle with Rio Tinto over $50m in missed payments after it sold Europe’s biggest aluminium smelter to the embattled steel tycoon. Rio Tinto claimed it is owed the money following the sale of the smelter in Dunkirk, France, to Mr Gupta’s GFG Alliance for $500m in 2018. The FTSE 100 miner launched arbitration proceedings against Mr Gupta in 2019 for the missed payments, which are related to price adjustments that took place after the transaction. However, talks between the two sides continue. GFG’s purchase of the smelter was Mr Gupta’s first major industrial deal financed through traditional bank debt and formed part of a wider spending spree as he snapped up tired steel and aluminium assets around the world. GFG Alliance also bought the Lochaber smelter in Fort William, Scotland, from Rio Tinto in 2016, with backing from the Scottish government. The legal wrangling with Rio Tinto is the latest headache for Mr Gupta as he scrambles to arrange new financing following the collapse of the supply chain financier Greensill, which blew a $5bn hole in GFG’s finances. The crisis has left GFG’s UK arm, Liberty Steel, which employs about 5,000 staff, fighting for survival. Ministers have rebuffed a £170m bailout request from the group, amid concerns over whether taxpayer money would be spent on its UK operations.