Rio Tinto plc stock price falls 5% as metals slump and China iron ore worries deepen
Rio Tinto Plc shares dropped roughly 5% to 6,322 pence late Thursday in London, as selling hit miners hard with metals prices sliding and the FTSE 100 losing ground. The stock lagged the wider UK market, which was coping with another surge in oil prices. Rio’s reliance on iron ore hasn’t changed, and that’s coming into focus as new figures from China fail to ease demand concerns. Over January and February 2026, China brought in 210.02 million metric tons of iron ore. But steel production dropped 3.6%, while inventories at ports surged to a record 166.91 million tons. The material isn’t being used—it’s piling up.