Rio Tinto Throttles Back Lithium Projects -- Market Talk
Dow Jones12-04 16:54
0854 GMT - Rio Tinto has throttled back lithium expectations to only existing lithium projects--a move that was widely expected by investors, RBC Capital Markets analysts write. It has delivered $650 million in annualized productivity savings and is targeting more. The market was expecting cost savings to be set out but wasn't expecting much excitement, the analysts add. The updated strategy is more conservative then peer Glencore, which promised a Mt. Everest of copper production on Wednesday, the analysts add. Rio Tinto's London shares trade down 0.4% at 5,484 pence.(adam.whittaker@wsj.com)
(END) Dow Jones Newswires
December 04, 2025 03:54 ET (08:54 GMT)
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