Rio Tinto traded at 178.72 this Friday May 8th, decreasing 1.52 or 0.84 percent since the previous trading session. Looking back, over the last four weeks, Rio Tinto lost 4.05 percent. Over the last 12 months, its price rose by 55.44 percent. Looking ahead, we forecast Rio Tinto to be priced at 168.74 by the end of this quarter and at 159.40 in one year, according to Trading Economics global macro models projections and analysts expectations.
Rio Tinto Limited is an Australia-based mining company. The Company's primary activities includes minerals and metals exploration, production and processing, development, and marketing. The Company operates through four segments: Iron Ore, Aluminum, Copper and Diamonds and Energy and Minerals. The Iron Ore segment activity includes Iron ore mining and salt and gypsum production in Western Australia. The Aluminum segment activity includes Bauxite mining, alumina refining and aluminum smelting. The Copper and Diamonds segment activity includes Mining and refining of copper, gold, silver, molybdenum and other by-products, exploration activities, diamond mining, sorting, and marketing. Energy and Minerals segment activity includes businesses with products such as uranium, borates, and titanium dioxide feedstock . Its products include Iron Ore, Aluminum, copper, borates, lithium diamonds, salt and titanium dioxide.