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What happened in 2024 with Rio Tinto shares?

Summary by fool.com.au
The Rio Tinto Ltd (ASX: RIO) share price had a challenging time in 2024, falling by 14%, as the chart below shows. That compares to a 7.5% rise for the S&P/ASX 200 Index (ASX: XJO), meaning the iron ore mining giant underperformed by more than 21%. A decline in the ASX mining share shouldn't surprise us because commodity businesses are typically cyclical. They regularly experience ups and downs. There are two key factors that affected the Rio…
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What happened in 2024 with Rio Tinto shares?

The Rio Tinto Ltd (ASX: RIO) share price had a challenging time in 2024, falling by 14%, as the chart below shows. That compares to a 7.5% rise for the S&P/ASX 200 Index (ASX: XJO), meaning the iron ore mining giant underperformed by more than 21%. A decline in the ASX mining share shouldn't surprise us because commodity businesses are typically cyclical. They regularly experience ups and downs. There are two key factors that affected the Rio…

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fool.com.au broke the news in on Wednesday, January 15, 2025.
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