Rio Tinto Just Bounced. The Volume Tells a Different Story
Rio Tinto plc climbed on Thursday, clawing back just over half of the previous session’s drop, as investors moved back into large miners before next week’s production update and after a rough day for London equities. The shares closed up 2.85% at 6,675 pence, while the FTSE 100 fell 0.16% to 10,472.45. The harder number was volume: 1.6 million shares changed hands, against a 65-day average of 2.56 million, suggesting the rebound was not yet a full-throated reversal of Wednesday’s selloff.