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Rio Tinto (RIO) Stock Advancing After Glencore Announced Zinc Cuts

NEW YORK (TheStreet) -- Rio Tinto (RIO) stock is higher by 2.55% to $39.80 in late morning trading on Friday, after commodities giant Glencore (GLNCY) announced it will cut zinc production by 500,000 tons.

Rio Tinto, based in London, focuses on finding, mining, and processing aluminum, copper, diamonds and minerals, energy products and iron ore.

Glencore announced today that it will lower its zinc production by a third...