By Chris Bailey of Financial Orbit | Sunday 18 October 2020
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Back in August here, I observed that mining giant Rio Tinto (RIO) had been silly not to square off the various interest groups being a big mining group means you rub up against. I did also observe that ‘the trajectory of the Rio Tinto share price remains centred fully on the demand levels or not from China for iron ore…for all the ESG excitement this situation will induce, that is the cold hard reality’.
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