Industry News

Rio Tinto share price gains lag BHP despite green steel deal

Views : 75
Update time : 2022-06-08 22:23:38

The Rio Tinto Limited (ASX: RIO) share price is climbing today after the company announced a low-carbon deal last night.

At the time of writing, shares in the world’s second-largest miner are up 2.75% to $119.76.

However, its share price gains are being eclipsed by peer BHP Group Ltd (ASX: BHP). BHP is trading 3.11% higher at $47.74.

In contrast, the broader S&P/ASX 200 Resources (ASX: XJR) sector is also rebounding in lunchtime trade, up 2.5% to 6,158.9 points.

Related News
Read More >>
China’s alumina price further gains RMB2/t due to continued demand growth; A00 aluminium ingot price stands 2.56% higher China’s alumina price further gains RMB2/t due to continued demand growth; A00 aluminium ingot price stands 2.56% higher
May .21.2024
China’s alumina price further gains RMB2/t due to continued demand growth; A00 aluminium ingot price stands 2.56% higher
China’s primary aluminium production grows 7.2% Y-o-Y in April’24 as investors bet on potential profit margin China’s primary aluminium production grows 7.2% Y-o-Y in April’24 as investors bet on potential profit margin
May .21.2024
China’s primary aluminium production grows 7.2% Y-o-Y in April’24 as investors bet on potential profit margin
Industry Group presses EU to address the sanctions gap on major aluminium products from Russia Industry Group presses EU to address the sanctions gap on major aluminium products from Russia
May .21.2024
Industry Group presses EU to address the sanctions gap on major aluminium products from Russia
Canada refuses to harbour Chinese aluminium and steel amidst impending US tariffs Canada refuses to harbour Chinese aluminium and steel amidst impending US tariffs
May .21.2024
Canada refuses to harbour Chinese aluminium and steel amidst impending US tariffs