Rio Tinto Stock Dips On Weak FY22 Results, Dividend Cut

Shares of Rio Tinto Plc were losing around 3 percent in the morning trading in London and above 2 percent in pre-market activity on the NYSE after the Anglo-Australian mining giant reported Wednesday weak profit and sales for its fiscal 2022. Further, the company trimmed its dividend for the year and also backed fiscal 2023 production forecast.

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