Base MetalsInvesting News

Iron Investing

Rio Tinto Stock Worth $82 Despite Iron Ore Price Volatility

Base Metals

Forbes reported iron ore prices have been sliding in the spot market over the past few months as a result of weak demand.

Forbes reported iron ore prices have been sliding in the spot market over the past few months as a result of weak demand.

As quoted in the market news:

In response to this, industrial customers for iron ore are asking for shorter iron ore shipment contracts that are priced closer to the spot market prices. Rio Tinto‘s CEO Tom Albanese recently acknowledged this request. 

Click here to read the full Forbes report.

Iron Investing

MARKETS

Markets
TSX19578.30-90.87
TSXV663.83-4.45
DOW32774.41-58.13
S&P 5004122.47-17.59
NASD12493.93-150.53
ASX7029.80+9.20

COMMODITIES

Commodities
Gold1792.30-1.68
Silver20.49-0.02
Copper3.60+0.01
Palladium2227.50+14.50
Platinum938.50+3.50
Oil90.36-0.14
Heating Oil3.36+0.02
Natural Gas7.82-0.01

DOWNLOAD FREE REPORTS

Browse more resource reports ≫
Browse more technology reports ≫
Browse more life science reports ≫

BROWSE COMPANIES BY SECTOR

×