Business
Here’s why the Rio Tinto (ASX:RIO) share price jumped 9% to a record high today – The Motley Fool Australia
The Rio Tinto Limited (ASX:RIO) share price jumped 9% higher to a record high on Thursday. Here’s why its shares are on fire…
It certainly was a stunning day of trade for the Rio Tinto Limited(ASX: RIO) share price on Thursday.
The mining giant’s shares stormed as much as 9% higher to hit a record high of $126.18 before ending the day 8.5% higher at $125.66.
Also hitting new highs today were its rivals BHP Group Ltd(ASX: BHP) and Fortescue Metals Group Limited(ASX: FMG).
Why did the Rio Tinto share price rocket higher?
Investors were fighting to buy the company’s shares on Thursday after the iron ore price continued its…
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