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    RIO   GB0007188757

RIO TINTO PLC

(RIO)
  Report
Delayed Quote. Delayed London Stock Exchange - 01/19 11:39:16 am
5655 GBX   +3.89%
01/19European ADRs Move Higher in Wednesday Trading
MT
01/19RIO TINTO : Buy rating from Berenberg
MD
01/19Labrador Iron Ore Notes Rio Tinto's Release of Iron Ore Co's Q4 Production, Sales Figures
MT
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Copper rebounds as concerns over Omicron virus variant ease

11/30/2021 | 10:03pm EST

Dec 1 (Reuters) - Copper prices rose on Wednesday, as investors shook off some concerns about the new Omicron coronavirus variant that has rattled market sentiment in recent days.

Three-month copper on the London Metal Exchange rose 0.8% to $9,522 a tonne by 0231 GMT, having lost 0.6% in November.

The most-traded January copper contract on the Shanghai Futures Exchange eased 0.5% to 69,480 yuan ($10,921.95) a tonne, tracking overnight loss in London.

The European Union drug regulator said on Tuesday existing COVID-19 vaccines would provide protection against Omicron, calming markets shaken by Moderna Chief Executive Officer saying existing shots would be less effective against the new variant.

FUNDAMENTALS

* LME aluminium rose 0.5% to $2,637 a tonne, nickel advanced 0.8% to $20,060 a tonne and lead increased 0.6% to $2,288 a tonne.

* ShFE zinc was up 0.3% to 22,985 yuan a tonne while ShFE tin fell 0.4% to 286,220 yuan a tonne.

* A spokesperson for Canadian miner Turquoise Hill, majority owned by Rio Tinto , said trucks were still being used to ship copper concentrate to China from the Oyu Tolgoi mine in Mongolia, meaning supply is unaffected by recent curbs on rail imports at some Chinese border cities.

* For the top stories in metals and other news, click or

MARKETS NEWS

* Asian stocks rose from a one-year low as U.S. share futures and oil recovered from the previous day's selloff, but uncertainty over the impact of the Omicron coronavirus variant kept investors on edge.

DATA/EVENTS (GMT)

0700 UK Nationwide House Price MM, YY

0850 France Markit Mfg PMI

0855 Germany Markit/BME Mfg PMI

0900 EU Markit Mfg Final PMI

0930 UK Markit/CIPS Mfg PMI Final

1445 US Markit Mfg PMI Final

1500 US ISM Manufacturing PMI

1900 US Federal Reserve issues the Beige Book

of economic condition ($1 = 6.3615 yuan) (Reporting by Mai Nguyen in Hanoi; Additional reporting by Tom Daly; Editing by Rashmi Aich)


ę Reuters 2021
All news about RIO TINTO PLC
01/19European ADRs Move Higher in Wednesday Trading
MT
01/19RIO TINTO : Buy rating from Berenberg
MD
01/19Labrador Iron Ore Notes Rio Tinto's Release of Iron Ore Co's Q4 Production, Sales Figur..
MT
01/18BHP flags labor constraints, warns of further Omicron disruption
RE
01/18Materials Down On Interest Rate Fears -- Materials Roundup
DJ
01/18RIO TINTO : RBC remains Neutral
MD
01/18GLOBAL MARKETS LIVE : Toyota, Microsoft, Goldman Sachs, Alibaba, Boeing...
01/18RIO TINTO : JP Morgan sticks Neutral
MD
01/18RIO TINTO : UBS gives a Sell rating
MD
01/18FTSE Down, Government Loans to Energy Suppliers Seen as Likely
DJ
More news
Analyst Recommendations on RIO TINTO PLC
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Financials (USD)
Sales 2021 61 944 M - -
Net income 2021 21 516 M - -
Net cash 2021 2 260 M - -
P/E ratio 2021 5,74x
Yield 2021 13,5%
Capitalization 125 B 126 B -
EV / Sales 2021 1,99x
EV / Sales 2022 2,49x
Nbr of Employees 47 500
Free-Float 65,3%
Chart RIO TINTO PLC
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Technical analysis trends RIO TINTO PLC
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Last Close Price 76,95 $
Average target price 73,07 $
Spread / Average Target -5,03%
EPS Revisions
Managers and Directors
Jakob Stausholm Chief Executive Officer & Executive Director
Peter Lloyd Cunningham Chief Financial Officer & Executive Director
Simon Robert Thompson Chairman
Arnaud Soirat Chief Operating Officer
Megan Clark Independent Non-Executive Director
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