RIO Aug 2024 80.000 call
- Bloomberg
Rio Tinto Declares Force Majeure on Australian Alumina Cargoes
(Bloomberg) -- Rio Tinto Group has declared force majeure on alumina cargoes from its refineries in Queensland, Australia, due to shortages of gas to power its operations, according to people familiar with the matter.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteSpeedier Wall Street Trades Are Putting Global Finance On EdgeOne of the Last Big Bears on Wall Street Turns Bullish on US StocksSaudi Crown Prince Postpones Japan Trip Over King’s HealthHims Debuts
- Zacks
Wall Street Bulls Look Optimistic About Rio Tinto (RIO): Should You Buy?
The average brokerage recommendation (ABR) for Rio Tinto (RIO) is equivalent to a Buy. The overly optimistic recommendations of Wall Street analysts make the effectiveness of this highly sought-after metric questionable. So, is it worth buying the stock?
- Reuters
Winning over public key to EU's mineral supply push, says industry
Europe's efforts to ensure supplies of critical minerals needed for its green and digital transitions and to reduce its reliance on China are struggling to gain public acceptance, leading industry officials said on Wednesday. The EU Critical Raw Materials Act, due to enter force next week, sets targets for the bloc to mine, recycle and process minerals including lithium and copper by 2030. Bernd Schaefer, the CEO of EIT RawMaterials, an EU-funded group leading a sector alliance, said in an interview that permitting for mining and recycling were a challenge.
