Rio Tinto operates Kennecott mine in Utah; strategic shift into metal trading underway
1 report, 1 independent
Updated Thu 00:00
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What happened
Rio Tinto is currently operating the Kennecott mine in Utah. The company also announced that it is building out a physical metal trading and derivatives operation that will extend beyond its own mine output. This represents a departure from the company's long-standing model of only marketing what it produces.
From thebull.com.au
Why it matters
The strategic shift into metal trading and derivatives could diversify Rio Tinto's revenue streams. This move allows the company to participate in markets beyond its direct mine production.
From thebull.com.au