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Rio Tinto ups stake in Sovereign Metals with $18.5M investment

Sovereign Metals announced that Rio Tint has exercised all its share options, increasing its shareholding in Sovereign to 19.76 per cent.
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Responding to manufacturing demand and performance signals

Australian manufacturers are navigating a challenging environment. Just as output had returned to growth, higher fuel and freight costs, rising input prices and global supply chain disruption renewed pressure on margins and cash flow.