Rio Tinto Ltd (RIO.AX)
|Market Cap (Mil.):||$106,650.90|
|Shares Outstanding (Mil.):||1,849.68|
SYDNEY, Oct 14 - Australian shares rose 1 percent on Tuesday, underpinned by a recovery in the resources sector as iron ore, copper and other base metals rebounded, though a survey showing a dip in business conditions curtailed buying.
DALIAN China - China's steel consumption dropped this year for the first time since at least 2000 due to slower economic growth, leading to a surplus of iron ore in the country and a more than 40 percent plunge in prices of the steelmaking raw material.
TOKYO - Japanese aluminum buyers will mostly pay record high premiums of $420 per tonne over London Metal Exchange (LME) prices for October-December shipments, up 3-5 percent from the prior quarter, five sources directly involved in the talks said.
* Record high premiums reflect high spot U.S., Europe rates
SANTIAGO, Sept 15 - The union at the world's largest copper mine, Chile's Escondida, has called a strike for Sept. 22 and 24, aiming to paralyze activity to win improved working conditions, the union said on Monday.
TOKYO, Aug 21 - United Company Rusal Plc , the world's biggest aluminium producer, has kicked off talks with Japanese buyers at a record high premium of $460 per tonne for October-December shipments of the metal, according to three sources.
MELBOURNE/LONDON - Anglo-Australian miner Rio Tinto raised hopes it could sharply boost cash returns to investors after topping market forecasts with a 21 percent rise in first-half profit.
* Miners lead; BHP beat its own guidance for iron ore output
TOKYO - Japanese aluminium buyers will mostly pay record high premiums of $400-$408 per tonne over London Metal Exchange prices for July-September shipments, up 8-12 percent from the previous quarter, four sources involved in the negotiations said.
* Premiums for July-September shipments up 8-12 pct from $365-$370 in Q2
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