Commodity stocks drive FTSE 100 to more than one-week high [Financial Post (Toronto, Ontario, Canada)]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
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Source: Financial Post
Advertisement The commodity-heavy FTSE 100 rose 0.8% to hit its highest level since June 16 by 0840 GMT. The domestically focused mid-cap FTSE 250 index advanced 1.2%. Risk sentiment improved after a Wall Street rally late last week and a rebound in copper as well as iron ore prices on Monday, boosted by an easing COVID-19 restrictions in Shanghai and relaxed testing mandates in several Chinese cities. “The burst of global enthusiasm for equities has put a spring in the step of the FTSE 100 at the start of the week,” Hargreaves Lansdown analyst Susannah Streeter said. Mining stocks led gains on the FTSE 100 index, with Anglo American, Rio Tinto and Glencore rising more than 3%, after Group of Seven leaders pledged to raise $600 billion private and public funds in five years to finance needed infrastructure in developing countries. “It is hoped this scheme, seen as a counter to China’s Belt and Road Initiative, will set off a spurt of spending and demand for commodities around the
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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
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Analyst Actions
- 3/5/24 - Liberum Capital
RIO
Sec Filings
- 4/16/24 - Form SD
- 2/27/24 - Form IRANNOTICE
- 1/25/24 - Form SC
- RIO's page on the SEC website