Getting Contrarian With Commodities [Forbes]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
Company Research
Source: Forbes
Photographer: Bartek Sadowski/Bloomberg © 2015 Bloomberg Finance LP Commodities prices for basic materials (gold, silver and copper) and agriculture and livestock products (wheat, hogs, and cattle) have been in the doldrums for more than a year now. And, energy (oil and gas) has been in contango since June 2008. Contango is futures trader’s jargon for the equivalent of an inverted yield curve, where the further out into the future you look, the lower price gets. The pain in the commodity trade may be about to change though. According to Goldman Sachs , commodities hold some promise for investors going into 2019. Oil and gas, says Goldman, may well be poised to enter into a new period of normal backwardation, the opposite of contango. It’s where the further out you look, the higher a commodity futures spot price will be. It’s the equivalent of an upward-sloping yield curve, and considered a good thing for buyers. From a value perspective, commodities pr
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News
- Midland Amends Its Lithium Option Agreement With Rio Tinto With the Addition of the Wookie Project [Yahoo! Finance]Yahoo! Finance
- Midland Amends Its Lithium Option Agreement With Rio Tinto With the Addition of the Wookie Project [Financial Post (Toronto, Ontario, Canada)]Financial Post
- How a $10-billion copper mine became a cautionary tale for the energy transition [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Rio Tinto donates $1.5 million to support the people and community of Grindavík in Iceland [Yahoo! Finance]Yahoo! Finance
- Rio Tinto donates $1.5 million to support the people and community of Grindavík in IcelandBusiness Wire
RIO
Analyst Actions
- 3/5/24 - Liberum Capital
RIO
Sec Filings
- 4/16/24 - Form SD
- 2/27/24 - Form IRANNOTICE
- RIO's page on the SEC website