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
$112.43 |
Change
-2.990(2.59%) |
Mkt cap ! $41.73B | |||
| Open | High | Low | Value | Volume |
| $115.93 | $116.04 | $112.13 | $184.0M | 1.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 3122 | $112.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $112.44 | 2200 | 1 |
View Market Depth
| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| RIO (ASX) Chart |