With the recent uncertainty over the worldwide impact of US tariffs and concerns over future economic growth in some countries, including China, commodity prices have generally been pretty volatile and mixed, in terms of direction and strength. Despite all that is going on, I’m not convinced countries are about to just destroy their economic growth, and especially in the case with China, it has already shown that it can still grow the economy despite a downturn in exports to the US.
Hello Share Shiners. Recently, I suggested you might peek at Rio Tinto (RIO). It used to be Rio Tinto Zinc. After my commendation the share did shudder a bit, but common sense has returned and this mining giant is now running high. More to come too, I fancy.
Hello Share Gatherers. You'll be uncomfortable discussing this subject. But even in the throes of horrible war, life for most of us, and our trading of shares, goes on. So perhaps we can live with our guilt about assessing which shares will rise and those that’ll fall because of the two hideous current conflicts.
Hello Share Thrashers. I’ve not commended Rio Tinto (RIO) to you before but I think it’s become worth a look. Unlike many jumbo miners, this outfit has a keen eye on future trends. And, if ever there was a strong trend that’ll climb even stronger, it’s the increasing support for green types of energy. To this end, Rio seems like an unlikely contender. But not so.
Mining major Rio Tinto (RIO) has announced its calendar 2022 results emphasising “despite challenging market conditions, we remain resilient”, but what of a now 5983p share price?
Whilst I am sure many of you have rolled from eating pancakes yesterday to reading the poetry of T. S. Eliot today, I keep on cracking on with the global corporate earnings season – and this brings me today to Rio Tinto (RIO) and Lloyds Banking Group (LLOY) (one of which I think is cheap and one of which I am glad I do not own).
There was not too much to be excited about for Rio Tinto (RIO) shareholders today on the publication of its first quarter production results. I remain a big fan of the mining name as I noted a couple of months ago, and whilst its core iron ore business had negative growth this was largely expected and should improve as the year progresses. Apart from very firm metals prices versus historically, the other opportunity for the company over the 2020s remains everything else it is doing – or, as it put it in the update, “we made notable progress during the quarter with the commencement of underground mining at Oyu Tolgoi following a comprehensive agreement reached with the Government of Mongolia, completed the acquisition of the Rincon lithium project in Argentina, and signed a framework agreement at the Simandou iron ore project in Guinea”.








