Friday, January 26, 2018

Why Stock in Rio Tinto and Vale Surged


The stock prices of major mining shares surged in December, with leading stocks in the sector such as the U.K.'s Rio Tinto plc (NYSE:RIO)increasing 12.6%, and Brazil's Vale S.A. (NYSE:VALE) up 14.6%. While Rio Tinto's 9% gain in November can be attributed to company-specific reasons -- namely, the announcement of a deal to divest some non-core assets --  the move in December was very much a sector-wide phenomenon.
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