Rio Tinto Stock Faces an 84 Million-Tonne Test as Cyclone Catch-Up Comes Due
Rio Tinto plc shares rose 0.5% in open London trading on Monday, but the harder test comes in its next operations update. Rio’s May 18 half-year consensus implies second-quarter Pilbara iron ore sales of about 84.1 million tonnes, 16.2% above the cyclone-hit first quarter. The stock was at 6,784 pence at 12:01 BST.