RIO's Copper outlook in todays QuarterlyMined copper production...

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.