Rio Tinto (RIO)

Sector:

Mining

Index:

FTSE 100

5,019.00p
   
  • Change Today:
      41.00p
  • 52 Week High: 5,891.00
  • 52 Week Low: 4,559.00
  • Currency: UK Pounds
  • Shares Issued: 1,252.50m
  • Volume: 207,382
  • Market Cap: £62,863m
  • RiskGrade: 142

Rio Tinto warns of risks from China as Q4 iron ore shipments rise

By Frank Prenesti

Date: Tuesday 17 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Mining giant Rio Tinto said China's dismantling of Covid-19 restrictions raised risks of labour and supply-chain shortages as it reported a 4% increase in iron ore shipments in the fourth quarter.
The coming months would bring "high volatility", Rio said as China faced a surge in coronavirus cases, which would increase short-term risks of supply chain disruptions and labour shortages across the country.

"Steel demand recovery hinges on the country's ability to control the COVID outbreak," Rio Tinto said, adding that consumers remain cautious of China's property market, which had been supportive to the economy, and that slowing global demand poses some risk to its exports.

Fourth quarter shipments iron ore shipments came in at of 87.3 million tonnes (Mt). The company maintained its full-year iron ore shipments forecast of 320 Mt to 335 Mt.

Inflation, led by diesel and labour costs, was likely to have pushed the company's Pilbara iron ore unit cash slightly above the top end of its $19.5-$21.0 per tonne guidance range, Rio said.

Reporting by Frank Prenesti for Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Rio Tinto Market Data

Currency UK Pounds
Share Price 5,019.00p
Change Today 41.00p
% Change 0.82 %
52 Week High 5,891.00
52 Week Low 4,559.00
Volume 207,382
Shares Issued 1,252.50m
Market Cap £62,863m
RiskGrade 142

Rio Tinto Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.10% above the market average93.10% above the market average93.10% above the market average93.10% above the market average93.10% above the market average
75.57% above the sector average75.57% above the sector average75.57% above the sector average75.57% above the sector average75.57% above the sector average
Price Trend
10.74% below the market average10.74% below the market average10.74% below the market average10.74% below the market average10.74% below the market average
49.65% above the sector average49.65% above the sector average49.65% above the sector average49.65% above the sector average49.65% above the sector average
Income
90.66% above the market average90.66% above the market average90.66% above the market average90.66% above the market average90.66% above the market average
47.83% above the sector average47.83% above the sector average47.83% above the sector average47.83% above the sector average47.83% above the sector average
Growth
88.37% below the market average88.37% below the market average88.37% below the market average88.37% below the market average88.37% below the market average
78.12% below the sector average78.12% below the sector average78.12% below the sector average78.12% below the sector average78.12% below the sector average

What The Brokers Say

Strong Buy 6
Buy 6
Neutral 9
Sell 1
Strong Sell 0
Total 22
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Rio Tinto Dividends

  Latest Previous
  Final Interim
Ex-Div 07-Mar-24 10-Aug-23
Paid 18-Apr-24 21-Sep-23
Amount 258.00¢ 177.00¢

Trades for 28-Mar-2024

Time Volume / Share Price
08:24 1 @ 5,019.99p
08:23 91 @ 5,019.00p
08:23 205 @ 5,019.00p
08:23 42 @ 5,019.00p
08:23 32 @ 5,019.00p

Rio Tinto Key Personnel

CEO Jakob Stausholm
CFO Peter Cunningham

Top of Page