LSE:RIOMetals and Mining
Rio Tinto (LSE:RIO) Faces A Copper Gap And UBS Sees Los Azules Helping
UBS has flagged a potential medium term copper production gap for Rio Tinto Group beyond 2030.
The broker points to the Los Azules copper project in Argentina as a possible way for Rio Tinto to address this shortfall.
The update focuses attention on how LSE:RIO plans to manage its long term copper portfolio.
Rio Tinto Group, traded as LSE:RIO, has seen its share price at £67.53, with the stock up 12.8% year to date and 59.4% over the past year. Those gains come despite a pullback of 4.5%...