Rio Tinto (LON:RIO) Drops 3.5% in London as Metals Slide; Electric-Truck News Fails to Lift Shares
Rio Tinto shares fell 3.5% in London Tuesday, trading at 7,248 pence by 08:48 BST, despite announcing a battery-electric mining truck trial. The FTSE 100 dropped 0.95% and Europe’s basic-resources index slid 3.3% as investors raised bets on U.S. rate hikes. Copper prices fell 2.9%, while iron ore held near $100.78 a ton, down 8% over the past month.