Inventories of iron ore, a steelmaking ingredient, are expected to grow modestly amid strong fourth-quarter shipments from major producers and as China's steel consumption eases from record highs and scrap consumption increases, Rio said.

Rio Tinto has also flagged weakening demand for iron ore as China's consumption eases back from record highs and scrap consumption increases. There are likely to be ramifications for Rio Tinto from the reform of the Aboriginal Heritage Act in Western Australia and  the company is changing the way it approaches such heritage sites. Free cash flow yields increase to more than 15% in the spot price scenario for 2021/22. Citi points out an update on any potential impact is unlikely until late January 2021. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.

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About the Rio Tinto plc stock forecast. Rio Tinto Plc Stock Price Forecast, "RIO" Predictons for2020 The consensus target is $107.14, signalling 11.5% upside to the last share price.

Dozens of Caterpillar's autonomous hauling trucks like this one are being used by Rio Tinto at its Pilbara iron ore mine in Australia. A Division of NBCUniversal. Rio Tinto ((RIO)) has called out an expansion of lockdowns stemming from the second wave of coronavirus that may threaten a global recovery. Upgrade to remove this ad, Given 30 days horizon, the forecasted value of Rio Tinto Plc on the next trading day is expected to be, 20 Period Moving Average (Increase Horizon). Find the latest Rio Tinto Plc (RIO) stock quote, history, news and other vital information to help you with your stock trading and investing.

Based on our forecasts, a long-term increase is expected, the "RIO" stock price prognosis for 2025-10-08 is 89.886 USD. Refined copper was -57% lower, primarily because of delays in restarting the Kennecott smelter.

Shaw assesses it will require time to reinvigorate shareholder confidence. The company has indicated most economies are starting to slow as pent-up demand eases back.

There are potential delays to first production from Winu (WA) copper because of discussions with traditional owners that have only just resumed since the pandemic halted travel. Free cash flow yields increase to more than 15% in the spot price scenario for 2021/22. The chart shows the actual price in thick blue and the prediction line in dashed red. Rio's CEO and two deputies announced their resignations last month, bowing to a shareholder outcry over the destruction of two significant Aboriginal rockshelters and what was seen as the miner's inadequate initial response. Investors can use this forecasting interface to forecast Rio Tinto historical stock prices and determine the direction of Rio Tinto Plc's future trends based on various well-known forecasting models. Sign up for free newsletters and get more CNBC delivered to your inbox. Rio said it has changed the name of its Koodaideri iron ore project, which is on track to start production in early 2022, to Gudai-Darri at the request of the Banjima traditional owners. The consensus dividend yield on present FX values for 2020 and 2021 is 6.4% and 7.4%, respectively. Each point on the chart was taken from the actual daily forecast published the morning before the next market opening. Titanium dioxide production was down -9% because of pandemic restrictions in Quebec and South Africa, and lower demand. Miners need 'flexible and agile approach' to manage their licenses to operate: EY. Rio also said the start of production at its Winu copper project in Australia's Pilbara region could be delayed beyond 2023 because talks with indigenous traditional land owners could take longer than anticipated. 77 Massachusetts Avenue Cambridge, MA 02139 617-253-1000 Several brokers believe the market is underestimating the potential effect on production and costs from this reform. © 2020 CNBC LLC. -Easing demand conditions suggest commodity inventory may build-Risk mounts at Oyu Tolgoi-Is the market underestimating potential changes to WA Heritage Act? AC Investment Inc. delivers machine learning based share price forecast. Data is a real-time snapshot *Data is delayed at least 15 minutes. We want to hear from you. Meanwhile, Morgans notes demand conditions are better for aluminium, which is encouraging, and the price environment for alumina/aluminium has improved. The projection line is calculated by averaging the signals from the three strongest time frames, 30 days, 90 days and a year ahead forecasts. No portion of this website may be reproduced, copied or in any way re-used without written permission from FNArena. Delays stemming from the pandemic amid ebbing demand conditions confront Rio Tinto, while there is also work to do to improve perceptions about its cultural sensitivity. Pilbara's production increased 4% in the September quarter with higher volumes from Yandi and Hope Downs. Since then, RIO shares have increased by 41.1% and is now trading at GBX 4,748.

There are three Buy ratings and four Hold on the database. 14 brokers have issued 12-month target prices for Rio Tinto Group (RIO.L)'s stock. Rio Tinto Stock Forecast is based on your current time horizon. The projection line is calculated by averaging the signals from the three strongest time frames, 30 days, 90 days and a year ahead forecasts. Rio Tinto has indicated all four Pilbara replacement mines are on schedule. Rio Tinto plc stock down 0.32% on Tuesday (Updated on October 13, 2020) Buy or Hold candidate since 2020-10-09 Loss -1.79% PDF Last Trading Session. To further reduce noise, the chart incorporates only the strongest signals that pass the strength filter. Rio Tinto releases third quarter production results. The green and red arrows show what would be the best times to enter the market. Iron ore shipments are expected to be 324-334mt for 2020. Detailed list of analyst forecasts

But data suggests "the rate of recovery in growth is slowing in most economies, with pent-up demand dissipating, and the rise of renewed lockdowns threatening recovery", it added. MELBOURNE, Australia--(BUSINESS WIRE)-- Rio Tinto Chief Executive J-S Jacques said “We have delivered a good operational performance across most of our assets catching up on planned maintenance activity, particularly in iron ore, and continuing to adapt to new operating conditions as we learn to live with COVID-19. Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)" – Warning this story contains unashamedly positive feedback on the service provided.