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Rio Tinto plc (RIO)
NYSE - NYSE Delayed price. Currency in USD
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670 reactions on $RIO conversation
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China is reducing steel output in September to reduce pollution, hence iron pressure spot prices have nose dived. This is a temporary blip, which also happened when they hosted tue games in 2008. The September output is being postponed to a later date and when it returns to normal there will be a big movement to fill the vacuum and the price should in theory rise again. All the big iron miners are down today, not just Rio. I'm treating it as a buying opportunity...
Bought at 75, but I'm thinking it's going below 70 soon. Nobody likes a tax investigation.
Pretty sure it'll correct itself to 90 within a couple of months. Staying long. Might add a couple of shares when the dips slows for a bit.
It’s been all about iron ore prices and China. Looking like a good price for $BHP and $RIO to start building or adding to your position IMO. Iron ore price chart showing good long term support and trend around $100 USD/T
Barrons article today on iron-ore prices:
UBS analysts predicted the iron price slide to continue, in a note on Friday, cutting its forecast by 10%, expecting the price to fall below $100 a ton by the end of 2021 and to average $89 in 2022. However, they argued the cut to China's production was driven by the country's weak property market.
I sold PLTR last week and bought RIO, with the purpose of owning a safer stock, look what happens with my bright idea LOL
If China is reducing Iron production, the iron price should go up and should benefit RIO.
So I take it China has decided not to build homes and infrastructure anymore?
Great dividend right now. what do you see as likely dividends for 2022 and beyond? I am long and have been adding small lots on weakness several times/week.
China’s southwest Yunnan province asked local producers on Monday to restrict output on steel, aluminum and other materials. Part of the planned production in September would be postponed to the last two months of the year.
Comodities way over sold...inflation deflation whatever....commodities are better then fiat currency and the unending printing presses of the USA and other countries...time to buy....a reversal is coming.....RIO SCCO VALE BTG....collect dividends while you wait...Sybain is also way over sold and has a 11% yield as of today....BUY
UBS reports that prices of iron -ore will continue to fall into 2022. So would it be prudent to add at current levels.
so china postponed steel output... what happens when the world needs steel, pay more for it? is this the new norm with everything from steel to toilet paper?
Rio has to borrow to pay dividends? Scary
I think the selling is about finished. We're way below both the 50 and 200 day. I'm looking to edge in here with a buy, will buy more if it drops more. I'm not chasing it, but at 73 with a dividend it's at a good entry-level.
The company started exploration works on Solwezi copper project in Zambia, where it can earn up to 75% ownership by spending $50M on development.
Maintained as Overweight at JPMorgan in London, price target reduced from GBP 7770 to 7210. London share price is 5254 right now.
Is the dividend stable?
NEVER EVER TRY AND CATCH A FALLING KNIFE
down 7% but I'm not selling at a loss.... afraid I'm holding the bag though
div. payout ratio only 40%, don't sweat it.
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