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By Dhirendra Tripathi
Investing.com â ADRs of Rio Tinto (NYSE:RIO) traded 0.4% higher in premarket Wednesday as high iron ore prices and strong demand from its top consumer China led the miner to its highest ever annual profit.
Economies rebounded last year while commodity prices surged to record highs, creating robust cash flows at companies like Rio, BHP (NYSE:BHP) and Glencore (OTC:GLNCY). Iron ore accounts for around 75% of Rioâs earnings and it hit record prices last year. Coppe...
>>> Read more: Rio Tinto Gains as High Iron Ore, Aluminum Prices Drive Record Profit
Investing.com â ADRs of Rio Tinto (NYSE:RIO) traded 0.4% higher in premarket Wednesday as high iron ore prices and strong demand from its top consumer China led the miner to its highest ever annual profit.
Economies rebounded last year while commodity prices surged to record highs, creating robust cash flows at companies like Rio, BHP (NYSE:BHP) and Glencore (OTC:GLNCY). Iron ore accounts for around 75% of Rioâs earnings and it hit record prices last year. Coppe...
>>> Read more: Rio Tinto Gains as High Iron Ore, Aluminum Prices Drive Record Profit
