Category: kuantum
Rio Tinto open to big copper buys but cautious of overheated market
By Melanie Burton and Rishav Chatterjee MELBOURNE, July 31 (Reuters) – Rio Tinto may consider a large acquisition but it would have to provide value that is hard to find amid a copper market that is running hot, CEO Jakob Stausholm said on Wednesday while discussing its first-half results. Rio derives most of its profits from iron ore but is increasingly focused on copper growth…