Rio Tinto stock price jumps after record Pilbara shipments as Glencore deadline looms
Rio Tinto’s U.S. shares rose 3.7% to $88.84 after reporting record quarterly iron ore shipments from Pilbara and higher copper output. London shares closed up 5.18%. A UK filing showed no direct Rio stake in Glencore, while J.P. Morgan held 21,765 shares. Rio has until Feb. 5 to make a formal offer for Glencore or walk away.