Rio Tinto opened at $61.23 yesterday before posting solid session gaining 2.91%

A quick look at yesterday: after closing Thursday at $59.39, Rio Tinto closed at $61.12 yesterday after climbing to $61.43 and dropping back down.

On the flip side, following a previous reading of 0.3%, Core Durable Goods Orders in United States released yesterday at 12:30 UTC fell short of the 0% figure expected by analysts with an actual reading of -0.2%.

At the same time, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. Fresh CFTC Crude Oil speculative net positions data from United States came out at 193,100.

This rally in Rio Tinto's share price coincided with other materials stocks as BHP Billiton was up 2.98%.

Pointing downwards for around a month. Having set a significant high of $80.4 3 months ago, the mammoth British miner is trading 26.13% lower.