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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

  • Broadcom (AVGO) Shares Showing Undervaluation Amid Choppy Trading
    March 17, 2026, 2:55 AM EDT. Broadcom (AVGO) trades around $324.92, roughly 4% below its intrinsic value estimate. The semiconductor and infrastructure software giant posted mixed recent returns but boasts a strong 1-year total shareholder return of 68.56%. Analysts value Broadcom at $480, indicating significant growth potential tied to AI infrastructure and VMware software. The stock's appeal hinges on sustained high margins and earnings growth, though risks include dependency on major customers. Investors are advised to weigh these factors carefully before deciding. Broadcom represents a strategic play in AI with operational discipline but demands cautious scrutiny given market volatility and future assumptions.
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