RIO News: Citi Group insights: Australian market forecast - 21st May 2024, 5:40am

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Investing.com - Analysts from Citigroup Inc (NYSE:C) have recently provided in-depth analysis on several Australian companies, highlighting potential market trends and movements.

Rio Tinto Ltd (ASX:RIO) shares have risen approximately 27% since the August 2023 lull. However, the company's deep discount to valuation is now diminished. Despite China's recent property easing measures, Citigroup analysts predict no significant support for steel demand, citing ongoing contraction in all property ind...

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