Base Metals

Seeking Alpha reports that Rio Tinto (NYSE:RIO) is undervalued because of a lower than expected iron ore supply.

Seeking Alpha reports that Rio Tinto (NYSE:RIO) is undervalued because of a lower than expected iron ore supply.

The market news is quoted as saying,

While there is lower than expected aggregate supply, RIO just reported a 12% growth in their iron ore production as well as a 13% q/q increase in coal production. It is evident that RIO’s production is healthy and a stronger second half of 2011 is to be expected.

For the complete market news, click here.

MARKETS

Markets
TSX20180.60+0.79
TSXV678.50-1.99
DOW33912.44+151.39
S&P 5004297.14+16.99
NASD13128.05+80.87
ASX7064.30+31.80

COMMODITIES

Commodities
Gold1776.26-2.12
Silver20.12-0.12
Copper3.620.00
Palladium2126.00-10.57
Platinum931.00+1.00
Oil90.13+0.72
Heating Oil3.46+0.05
Natural Gas9.02+0.29

DOWNLOAD FREE REPORTS

×