Rio Tinto falls in line with broader mining losses
ReutersMar 12, 2025 12:53 AM
Shares of Rio Tinto RIO.AX fall 2.4% to A$118.68
Stock tracks broader losses in mining index .AXMM, which is down about 1%
Iron ore miners drop after local media reported that Australia would not be exempted from U.S. President Donald Trump's proposed tariffs on steel and aluminium
Other iron ore miners, including BHP Group BHP.AX and Fortescue FMG.AX, drag 1.4% and 1.6%, respectively
Bloomberg News reported that Rio sold $9 billion of U.S. investment-grade bonds on Tuesday to fund its massive purchase of Arcadium Lithium 7WO0.BE
RIO stock down 0.9%, YTD
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