don’t disagree with lithium being a dumb acquisition potentially. But the iron ore price has fallen $5 to yearly lows. So that is dragging the share price. Then you’ve got Mongolian government in turmoil coupled with a $500m odd law suit from them and tenement transfer issues. You can read between the lines here with another poor country demanding more (yet again). So a lot of risk here which the market marked RIO down for. Add in CEO uncertainty.
Divergence to BHP off the top of my head is 6-8% over the last month or so I believe. The above explains it, more than simply lithium woes.
Ann: Rio Tinto and Codelco agree to lithium partnership, page-27
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Last
$104.94 |
Change
3.110(3.05%) |
Mkt cap ! $38.95B | |||
| Open | High | Low | Value | Volume |
| $104.99 | $105.78 | $103.60 | $192.9M | 1.846M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2220 | $104.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $104.95 | 220 | 1 |
View Market Depth
| Last trade - 16.18pm 24/06/2025 (20 minute delay) ? |
| RIO (ASX) Chart |