RIO TINTO PLC - Equity - Shop or Drop?
​Rio Tinto PLC, the second biggest mining company in the world, reported its worst profit since 2004 as depressed prices for iron ore, aluminum and copper eroded earnings. Are there changes expected on the horizon for euqities like Rio Tinto? This essential updated contains three precision charts with Monthly, Weekly and Daily time-frames.
Rio Tinto is engaged in finding, mining and processing mineral resources. Co. has four product groups: iron ore, which supplies the global seaborne iron ore trade; aluminium, which includes bauxite mines, alumina refineries, and aluminium smelters; Copper and Diamonds, which has managed operations in Australia, Canada, Mongolia and the U.S., and non-managed operations in Chile and Indonesia, with by-product including gold, silver, molybdenum and others such as sulphuric acid, rhenium, and lead carbonate; and Energy and Minerals, which comprises mining, refining and marketing operations across borates, coal, iron ore concentrate and pellets, salt, titanium dioxide and uranium sectors.
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