Rio Tinto stock jumps as copper cracks $13,000 — what to know before Wall Street opens
Rio Tinto’s U.S.-listed ADRs closed up 2.17% at $83.21 on Monday, hitting a 52-week high as copper prices surged above $13,000 a ton. London shares finished 1.75% higher at 6,091 pence. Traders await U.S. payrolls data Friday and Rio’s operations review on Jan. 21. Copper’s rally has spotlighted supply concerns and boosted mining stocks.