RIO's Copper outlook in todays Quarterly
Mined copper production of 138 thousand tonnes was 10% higher than the third quarter of 2021 due to higher grades and recoveries at Kennecott, partly offset by lower grades and recoveries at Oyu Tolgoi as a result of planned mine sequencing. Refined copper production guidance has been reduced to 190 to 220 thousand tonnes (previously 230 to 290 thousand tonnes), given further downside risk associated with Kennecott’s smelter and refinery performance, until we undertake the largest rebuild in nine years which is planned for the second quarter of 2023. Rio Tinto cuts refined copper production guidance to 190,000 - 220,000 tonnes vs 230,000 - 290,000 tonnes previously, given further downside risk associated with Kennecott’s smelter and refinery performance, “until we undertake the largest rebuild in 9 years” planned for Q2 2023
This might help stabilize the copper price with many other mines reducing production since June.
- Forums
- ASX - By Stock
- CYM
- Copper Price news
Copper Price news, page-1070
-
- There are more pages in this discussion • 485 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
NEWS
Antler Copper Project hits major permitting milestone – air quality permit advances to final review
Add CYM (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $50.35M |
Open | High | Low | Value | Volume |
3.3¢ | 3.3¢ | 3.2¢ | $17.05K | 517.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 47272 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 289495 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 32121 | 0.033 |
3 | 630677 | 0.032 |
4 | 333300 | 0.030 |
4 | 540248 | 0.029 |
3 | 732061 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 289495 | 2 |
0.037 | 430829 | 2 |
0.038 | 421845 | 2 |
0.039 | 441000 | 2 |
0.040 | 451062 | 2 |
Last trade - 12.46pm 04/10/2024 (20 minute delay) ? |
Featured News
CYM (ASX) Chart |