Copper who would have thought that it's price would have become so important and now watched so closely ! Let's hope it can build on it's strengths one day at a time.
IMO Rio has quite a bit of upside although holding on in these times can be very character building.
The key to RIO's turnaround is primarily the copper price but China and emerging countries have been importing tonnes of iron ore in late 2006 to make steel and RIO along with BHP will benefit from the agreed price increase of iron ore. Oil has got to stop dropping...if we can see these factors line up positively then it will be back to the $77.00 range and beyond for the almighty RIO.
not out of the woods yet.....
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Last
$119.67 |
Change
0.460(0.39%) |
Mkt cap ! $44.42B | |||
| Open | High | Low | Value | Volume |
| $119.53 | $120.30 | $119.32 | $158.1M | 1.315M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 89 | $119.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $119.69 | 3000 | 1 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| RIO (ASX) Chart |