Rio Tinto(RIO)
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After Falling 25%, What's Next For Freeport?
Forbes· 2025-01-10 10:00
UKRAINE - 2021/10/08: In this photo illustration, Freeport-McMoRan Copper & Gold Inc. logo seen ... [+] displayed on a smartphone and in the background. (Photo Illustration by Igor Golovniov/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty Images Freeport-McMoRan (NYSE: FCX), one of the largest producers of copper, has seen its stock underperform over the last three months, falling by 25% compared to the S&P 500 which was up 3%. Freeport’s stock price movement is aligned with that ...
Rio Tinto: Growth Could Accelerate After Arcadium Deal
Seeking Alpha· 2024-12-27 21:24
I discussed Arcadium Lithium "ALTM" (NYSE: ALTM ) last August when the stock was trading around the $2.50-$3 range . The stock had become absurdly oversold and undervalued, enabling me to accumulate a considerable position around this time frame.Are You Getting The Returns You Want? Invest alongside the Financial Prophet's All-Weather Portfolio (2024 75% return) and achieve optimal results in any market.The Daily Prophet Report provides crucial information before the opening bell rings each morning.Implemen ...
RIO & BHP to Build Electric Smelting Furnace Plant to Lower Emissions
ZACKS· 2024-12-17 21:00
Rio Tinto (RIO) has joined forces with BHP Group (BHP) and BlueScope to develop Australia’s largest ironmaking electric smelting furnace (ESF) pilot plant in Western Australia. The BHP-RIO alliance will work on processing iron sourced from Pilbara using an electric furnace replacing traditional blast furnaces. This could lead the way in decarbonizing the steelmaking process, which is the need of the hour considering that steel production accounts for around 8% of the world’s carbon emissions.Details of RIO ...
RIO to Build Demonstration Plant for Gallium Extraction in Canada
ZACKS· 2024-12-16 18:55
Rio Tinto Group (RIO) announced that it is assessing the potential for extracting and valorizing gallium from the bauxite processed in its Canada alumina refinery in Saguenay-Lac-Saint-Jean. This is part of Rio Tinto’s research and development program, which aims to solidify the North America supply chain for critical and strategic minerals .Details on RIO’s Gallium Extraction ExplorationRio Tinto intends to develop a demonstration plant for extraction in Saguenay, following the completion of the prelimina ...
Rio2 Reports on Fenix Gold Mine Progress
GlobeNewswire· 2024-12-16 13:00
VANCOUVER, British Columbia, Dec. 16, 2024 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO), after completing the Company’s highly successful debt and equity financing announced on October 21, 2024, provides an update on the progress made by its Chilean subsidiary, Fenix Gold Limitada (“Fenix Gold”), which is currently constructing the Fenix Gold Mine located in the Maricunga Gold Belt of the Atacama Region, in Chile. Advancements include the commencement of hir ...
Rio Tinto Set to Invest $2.5B for Rincon Project in Argentina
ZACKS· 2024-12-13 18:10
Rio Tinto Group (RIO) announced that it would invest $2.5 billion in its first commercial-scale lithium operation, the Rincon project, in Argentina. This move is in sync with Rio Tinto’s goal to build a world-class battery material portfolio.Details on Rio Tinto’s Rincon ProjectRincon, a long-life asset, is designed to produce 60,000 tons of battery-grade lithium carbonate per year. This includes a 3,000-ton starter plant and a 57,000-ton expansion plant. The mine's ore reserves are 60% higher than what the ...
What's Next For Rio Stock?
Forbes· 2024-12-02 11:00
This picture taken on November 26, 2024, shows the logo of Rio Tinto, a global mining and metals ... [+] company, at the headquarters of its iron ore division in Perth, Western Australia. (Photo by SAEED KHAN / AFP) (Photo by SAEED KHAN/AFP via Getty Images)AFP via Getty ImagesThe shares of diversified mining giant Rio Tinto (NYSE: RIO) have declined almost 16% year to date, underperforming the broader markets. The company recently posted higher shipments of both iron ore and bauxite for the third quarter o ...
Wall Street Analysts Think Rio Tinto (RIO) Is a Good Investment: Is It?
ZACKS· 2024-11-07 15:30
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Rio Tinto (RIO) .Rio Tinto currently has an average brokerage recommendati ...
Rio2 Announces Closing of C$63 Million Public Offering and C$5 Million Private Placement
GlobeNewswire News Room· 2024-10-29 13:51
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) announces today that it has closed its previously announced public offering of 97,307,710 common shares of the Company (“Common Shares”) at a price of C$0.65 per Common Share for gross proceeds of approximately C$63 million, including the full exercise of the agents’ optio ...
Rio2 Announces Pricing and Upsize To Previously Announced Overnight Marketed Public Offering
GlobeNewswire News Room· 2024-10-22 14:02
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Oct. 22, 2024 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) is pleased to announce that it has priced and upsized its previously announced overnight marketed public offering (the “Public Offering”) of common shares (the “Common Shares”) of the Company from up to C$40 million to C$55 million. Overall, 84,615,400 Common Shares will be ...