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Pin to quick picksRio Tinto Share News (RIO)

Share Price Information for Rio Tinto (RIO)

London Stock Exchange
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Share Price: 5,452.00
Bid: 5,451.00
Ask: 5,453.00
Change: -24.00 (-0.44%)
Spread: 2.00 (0.037%)
Open: 5,511.00
High: 5,523.00
Low: 5,433.00
Prev. Close: 5,476.00
RIO Live PriceLast checked at -

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Sustainable Switch-Summer 2023 was the hottest in 2,000 years

Fri, 17th May 2024 13:00

May 17 - Sharon Kimathi Energy and ESG Editor, Reuters Digital

Hello, The intense northern hemisphere summer heat that drove wildfires across the Mediterranean, buckled roads in Texas and strained power grids in China last year made it not just the warmest summer since official records began – but the warmest in some 2,000 years, new research suggests. But before we dive in, please note that Sustainable Switch will be on a short break next week, and back in your inbox on May 28. Now, back to the new work published in the journal Nature which suggests 2023 eclipsed temperatures over a far longer timeline than official records show – a finding established by looking at meteorological records dating to the mid-1800s and temperature data based on the analysis of tree rings across nine northern sites. "When you look at the long sweep of history, you can see just how dramatic recent global warming is," said study co-author Jan Esper, a climate scientist at Johannes Gutenberg University in Germany. Last year's summer season temperatures on lands between 30 and 90 degrees north latitude reached 2.07 degrees Celsius (3.73 degrees Fahrenheit) higher than pre-industrial averages, the study said. Based on tree ring data, the summer months in 2023 were on average 2.2 C (4 F) warmer than the estimated average temperature across the years 1 to 1890. This comes as the U.S. National Oceanic and Atmospheric Administration (NOAA) reported that some 60.5% of the world's reef area has been subjected to heat stress bad enough to trigger bleaching over the past year. "I am very worried about the state of the world's coral reefs," NOAA's Coral Reef Watch coordinator Derek Manzello said in a monthly briefing. "We are seeing (ocean temperatures) play out right now that are very extreme in nature".

Click here for the full Reuters story on coral bleaching. Climate Buzz * Indonesia's toll rises to 62 from deadly Sumatra floods, 25 still missing The death toll from flash floods and mudslides in Indonesia's West Sumatra province rose to 62, authorities said, while rescuers were searching areas near rivers for 25 people who are still missing.

Officials said some of those earlier unaccounted for were found dead during the day, which lifted the toll from 58 reported in the morning. * US must act to slash landfill methane emissions, report says Methane emissions at nearly two dozen U.S. landfills regularly exceeded federal limits and in some cases were higher than facility owners reported to the government, according to a study by environmental nonprofit Industrious Labs. * Indigenous group to take fight against Arizona copper mine to Supreme Court A Native American group said it will take its fight against Rio Tinto’s proposed Arizona copper mine to the U.S. Supreme Court, after a federal appeals court refused to reconsider whether the U.S. government may have improperly transferred land to the developer.

Tesla has been sued by an environmental nonprofit that accused Elon Musk's electric car company of violating the federal Clean Air Act hundreds of times by letting its Fremont, California, plant emit harmful pollutants.

What to Watch​ With South Africa's election fast approaching, some say they are the victims of efforts by the ruling African National Congress to balance the need to keep the lights on in a coal-driven economy with its global commitments to decarbonize. Click here or on the image for more. Climate Commentary​

Click here for the full explainer by Kate Abnett, Reuters European climate and energy correspondent. Number of the Week $1 trillion

A victory by Donald Trump in the Nov. 5 presidential election would jeopardize a projected $1 trillion in low-carbon energy investments and carbon emissions would be 1 billion tonnes more by 2050 than under current policies, according to a new report by data analytics firm Wood Mackenzie.

Sustainable Switch Climate Focus was edited by Mark Potter

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29 May 2024 13:27

DIRECTOR DEALINGS: Rio Tinto executive sells GBP3.4 million in shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Tuesday and Wednesday and not separately reported by Alliance News:

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23 May 2024 16:52

Activist fund Palliser urges Rio Tinto to ditch London listing

(Sharecast News) - Activist hedge fund Palliser Capital urged Rio Tinto to shift its primary stock market listing from London to Sydney, it emerged on Thursday, to potentially increase its share price by nearly 40%.

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22 May 2024 21:46

First Quantum seeks to speed up Peru projects after Panama debacle

LIMA, May 22 (Reuters) - Canadian miner First Quantum Minerals, which lost the right to operate its copper mine in Panama last year following protests by environmental groups and a court ruling deeming its contract void, is seeking to speed its copper projects in Peru, a company executive said on Wednesday.

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20 May 2024 08:49

Citi downgrades Rio Tinto on rising China concerns

(Sharecast News) - Citi has cut its rating for Rio Tinto from 'buy' to 'neutral', saying that macro headwinds are rising for the mining group following a period of share-price outperformance.

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17 May 2024 16:55

LONDON MARKET CLOSE: FTSE 100 slips in tepid trade at end of week

(Alliance News) - Stock prices in London closed lower on Friday in quiet trade, though gold and base metal miners surged on stronger commodity prices.

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17 May 2024 15:52

London close: Stocks recoup some earlier losses

(Sharecast News) - London stocks remained in negative territory by Friday's close, although they managed to recoup some of the losses seen earlier in the session as Wall Street opened with positive momentum.

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17 May 2024 09:06

LONDON BROKER RATINGS: Jefferies says buy Tritax Big Box post merger

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

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14 May 2024 20:52

Indigenous group to take fight against Arizona copper mine to Supreme Court

May 14 (Reuters) - A Native American group said on Tuesday it will take its fight against Rio Tinto’s proposed Arizona copper mine to the U.S. Supreme Court, after a federal appeals court refused to reconsider whether the U.S. government may have improperly transferred land to the developer.

Read more
13 May 2024 15:36

London close: Stocks take a breather after last week's surge

(Sharecast News) - London's stock markets ended the day in negative territory on Monday, with investors taking a breather following a six-day winning streak that propelled the FTSE 100 to a new all-time high.

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13 May 2024 07:54

Rio Tinto automated iron ore train derails in Western Australia

(Sharecast News) - An automated iron ore train operated by mining giant Rio Tinto has derailed after colliding with a set of stationary wagons in north-western Australia on Monday, the company said.

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10 May 2024 17:10

London's FTSE 100 extends record hitting streak as UK exits recession

FTSE 100, FTSE 250 add 0.6%

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8 May 2024 16:36

London close: Stocks rise further ahead of BoE decision

(Sharecast News) - London's stock markets closed with gains on Wednesday, bolstered by a dip in the value of the pound against both the dollar and the euro.

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30 Apr 2024 09:46

LONDON BROKER RATINGS: Deutsche says buy Barr, Britvic and Fevertree

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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26 Apr 2024 16:35

London close: Stocks buoyed by banking, mining positivity

(Sharecast News) - London's equity markets closed positively on Friday, buoyed by gains in the banking sector following better-than-expected results from NatWest.

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