The big miners will certainly be sharply weaker tomorrow mainly on the back of weak offshore markets.
But saying they will be at least 10% down is quite dramatic, as is saying it is like a 40% profit warning.
Remember they have plenty of operations offshore aswell.
And to say this is all "unexpected", have we all been living under a rock the last few weeks, when this has been well flagged.
Yes today is a negative for the big miners but let's not get too carried away.
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Last
$113.11 |
Change
2.010(1.81%) |
Mkt cap ! $41.98B | |||
| Open | High | Low | Value | Volume |
| $112.21 | $113.52 | $111.70 | $266.8M | 2.339M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $113.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $113.15 | 502 | 1 |
View Market Depth
| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| RIO (ASX) Chart |