RIO is largely an IO, Alumina and Copper outfit. All three are suffering from low commodity prices (at least compared with 2010). Aliminium industry is barely viable. I suspect world recession will hit RIO fairly hard. But how hard will it be? $50 mark likely to fall anyday. AVOID imo.
how vulnerable is rio tinto?
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Last
$116.81 |
Change
-3.030(2.53%) |
Mkt cap ! $43.53B | |||
| Open | High | Low | Value | Volume |
| $118.00 | $119.01 | $116.70 | $199.0M | 1.698M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 7256 | $116.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $116.99 | 111 | 1 |
View Market Depth
| Last trade - 16.10pm 16/07/2024 (20 minute delay) ? |
| RIO (ASX) Chart |