(Adds details on delays, background)
Aug 19 (Reuters) - Rio Tinto (RIO) on Wednesday cut its refined copper outlook for fiscal 2020, citing a delay in restarting a smelter at its mine in the U.S. state of Utah.
The Anglo-Australian miner said the delays in restarting the smelter at its Kennecott mine were due to planned maintenance and expected it to be running in two months.
Full-year refined copper production is now expected to be between 135,000 tonnes and 175,000 tonnes, lower than its previous range of 165,000 tonnes to 205,000 tonnes.
Rio Tinto reported a better-than-expected first-half profit last month, boosted by firm prices for iron ore and higher output as Chinese demand for the steel-making ingredient recovered from a coronavirus hit.
News: RIO UPDATE 1-Rio Tinto cuts 2020 refined copper outlook on smelter restart delay in Utah mine
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$115.44 |
Change
1.200(1.05%) |
Mkt cap ! $42.85B | |||
| Open | High | Low | Value | Volume |
| $114.00 | $116.08 | $113.56 | $130.6M | 1.134M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2068 | $115.44 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $115.61 | 7000 | 1 |
View Market Depth
| Last trade - 16.10pm 12/09/2025 (20 minute delay) ? |
| RIO (ASX) Chart |