business / news / / The Motley Fool Australia
Rio Tinto Ltd shares are back in focus after climbing to a new all-time high at market open.
Rio Tinto shares reached a new all-time high of $175.82 on Tuesday.
KEY POINTS
- Copper earnings now contribute nearly 30% of Rio Tinto's group profits, doubling year-on-year.
- Increased copper production at Oyu Tolgoi and higher prices drove the surge in copper earnings.
- Iron ore prices have remained firmer than expected, supporting Rio Tinto's strong cash flow.
COMPANIES
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