You want problems? Rio Tinto (LSE: RIO) (NYSE: RIO.US) has problems. The iron ore price is falling, and so far what seems like anattemptby it and peer BHP Billiton to drive out less efficient smaller rivals have foundered, as those companies have been able to mine more cheaply due to the lower oil price. And then theres Glencore waiting to pounce in the wings
To find out the strategies to adopt if you want tobecome one of the growing number of surprise UK millionaires, read this FREE Motley Fool report:’7 Simple Steps For Seeking Serious Wealth‘ while it remains available!
Get FREE Issues of The Motley Fool Collective
Get straightforward advice on whats really happening with the stock markets, direct to your inbox. Help yourself with our FREE email newsletter designed to help you protect and grow your portfolio wealth.
By providing your email address, you consent to receiving further information on our goods and services and those of our business partners. To opt-out of receiving this information click here. All information provided is governed by our Privacy Statement.
Owain Bennallackowns shares in BHP Billiton. The Motley Fool UK has no position in any of the shares mentioned. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.