Today: 10 June 2026
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ASX:RIO.AX 10 January 2026 - 5 March 2026

Rio Tinto plc seals A$1.1 billion Pilbara water deal as Dampier desalination expands

Rio Tinto plc seals A$1.1 billion Pilbara water deal as Dampier desalination expands

Rio Tinto and Western Australia will form a 50:50 joint venture to complete a A$1.1 billion seawater desalination plant near Dampier. The expanded facility will supply 8 gigalitres of water annually to Pilbara towns and industry, with Stage 1 set to deliver water later in 2026. The state will invest A$606 million to double capacity and reduce groundwater extraction from key aquifers.
5 March 2026
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Fortescue share price rises as FMG investors eye quarterly report and iron ore jitters

Fortescue share price rises as FMG investors eye quarterly report and iron ore jitters

Fortescue shares rose 1.7% to A$22.64, rebounding ahead of its December production report due Thursday. The ASX 200 slipped 0.4%, but materials gained 2.7% on miner strength. Iron ore futures fell after weak China property data, while a fatal blast at a Chinese steel plant raised supply concerns. BHP agreed to lower some iron ore prices in ongoing talks with China Mineral Resources Group.
21 January 2026
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Stock Market Today

  • Crude Oil Decline Pressures Sugar Prices Amid Brazil Crop Damage
    June 10, 2026, 12:45 PM EDT. Sugar prices fell amid a sharp drop in crude oil to an 8-3/4 month low, weakening ethanol demand and encouraging sugar mills to prioritize sugar over ethanol production. October New York sugar futures hit a 1.5-week low. Brazil's sugarcane fires and drought in Sao Paulo, the top producing region, damaged up to 80,000 hectares, reducing output forecasts from group Czarnikow and Brazil's Conab. The International Sugar Organization forecasted a deeper 2024/25 global sugar deficit of 3.58 million metric tons, up from 200,000 tons deficit in 2023/24. India's lifted restrictions on ethanol production could restrict sugar exports further. However, increased Brazilian sugar production and favorable Indian monsoon rains add pressure on prices.

Latest articles

Lemonade Shares Jump as Investors Zero In on Profit Path

Lemonade Shares Jump as Investors Zero In on Profit Path

10 June 2026
Lemonade shares jumped 10.6% to an intraday high above $60 after CEO Daniel Schreiber and CFO Tim Bixby appeared at Morgan Stanley’s U.S. Financials Conference, as investors focused on the company’s reiterated target for positive adjusted EBITDA in Q4 and a fresh TD Cowen price target hike, with shrinking losses and improved underwriting driving optimism.
Ford Shares Slide as F-150 Aluminum Constraint Eases

Ford Shares Slide as F-150 Aluminum Constraint Eases

10 June 2026
Ford shares slid 3.2% to $14.47 despite Novelis restarting its Oswego aluminum plant, a key F-Series supplier, as investors now focus on how quickly supply ramps up to cut costs and boost production after months of disruption that forced Ford to cut its 2025 profit forecast and warn of up to $2 billion in charges.
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