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Rio Tinto Group RIO shares have gained 10.3% in the past week, outperforming the industry's 9.7% rise and the Basic Materials sectorâs 4.9% return. The S&P 500 has moved up 0.4% in the same timeframe.
The recent jump in the RIO stock is attributed to Chinaâs announcement of the largest stimulus package since the pandemic in an attempt to revive its economic growth to its 5% target for 2024. This has led to a much-awaited recovery in iron ore prices, which so far have been weighed down...
>>> Read more: Rio Tinto's Share Price Increases 10% in a Week: How to Play It?
The recent jump in the RIO stock is attributed to Chinaâs announcement of the largest stimulus package since the pandemic in an attempt to revive its economic growth to its 5% target for 2024. This has led to a much-awaited recovery in iron ore prices, which so far have been weighed down...
>>> Read more: Rio Tinto's Share Price Increases 10% in a Week: How to Play It?
