Rio Tinto Shares Slide Amid Market Sell-Off Despite Iron Ore Price Uptick

Wed 12 Mar 25, 01:47 AM | Team Kalkine

Highlights

Rio Tinto Ltd (ASX:RIO) shares are facing continued pressure, reflecting the broader market sell-off. Despite a modest increase in the iron ore price to US$100.45 per tonne, the mining giant’s shares have dropped 1.8% in Wednesday’s late morning trade to AU$117.14, down from yesterday’s closing price of AU$119.34. The S&P/ASX 200 Index is also experiencing a decline, down 1.2% at the same time.

Debate Over Rio Tinto’s London Listing

One of the biggest stories surrounding Rio Tinto today is the push to remove its primary listing from the London Stock Exchange. The mining giant, which is currently listed on the ASX, NYSE, and LSE, is under scrutiny from British hedge fund Palliser Capital, which advocates for unifying its Australian and UK operations.

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