Rio Tinto Group (RTNTF)
| Previous close | 0.00 |
| Open | 84.90 |
| Bid | 78.82 x 34100 |
| Ask | 83.82 x 27000 |
| Day's range | 84.90 - 84.92 |
| 52-week range | 70.39 - 94.30 |
| Volume | |
| Avg. volume | 776 |
| Market cap | 130.868B |
| Beta (5Y monthly) | 0.59 |
| PE ratio (TTM) | 12.07 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 4.31 (5.43%) |
| Ex-dividend date | 15 Aug 2024 |
| 1y target est | N/A |
- Yahoo Finance UK
FTSE 100 LIVE: European stocks mixed with UK investment summit and economic data in focus
A deep dive into what's moving markets across the global economy.
- Bloomberg
Rio Takes Step Toward M&A Redemption With $6.7 Billion Lithium Bet
(Bloomberg) -- A little over a decade ago, Rio Tinto Group was reeling from the impact of disastrous investments. First, the bruising top-of-the-market purchase of aluminum group Alcan Inc., and then the ill-conceived swoop for Mozambique-focused coal outfit Riversdale Mining Ltd. The commodities boom cooled, top managers were pushed out and writedowns piled up.Most Read from BloombergDubai’s Allure to Expats Is Weighing on City’s InfrastructureThe Master Plan That Shaped Pakistan’s Capital Is N
- Yahoo Finance Video
Why lithium is such a critical resource for battery production
Rio Tinto (RIO) recently announced its agreement to acquire Arcadian Lithium (ALTM) in a deal valued at $6.7 billion, positioning the company to become the world's third-largest lithium miner. CRU Group vice president of base and battery metals Frank Nikolic joins to discuss his outlook on the lithium market. Nikolic emphasizes that lithium is "a universal commodity," noting that as the world moves away from fossil fuels, he predicts lithium will be "used extensively." Despite current prices being down due to oversupply, Nikolic points out that "mining deals are always long-term commitments." He suggests investors look at this from a 5-10-year perspective, projecting that demand will grow approximately fourfold during that period. Explaining lithium's critical importance, Nikolic states, "It is the right size, the right chemical characteristics, electrical chemical characteristics to be viable for this. It's the best thing to do. The only next thing to consider is the sodium ion, but that's a long way from being commercialized, so this is all we have, and it's universally used across all the battery chemistries." To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Angel Smith
