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Stock impact report

Rio Tinto aims to keep Resolution's copper in US, executive says [Reuters]

Freeport-McMoRan, Inc. (FCX) 
Last freeport-mcmoran, inc. earnings: 4/24 07:30 am Check Earnings Report
Company Research Source: Reuters
, opens new tab aims to keep all of the copper from its Resolution mine inside the United States should the long-delayed and controversial project win regulatory approval, a senior executive said on Tuesday. The Arizona mine would, if developed, over its life produce more than 40 billion pounds (18.1 million metric tons) of copper and supply more than a quarter of U.S. demand, but it is strongly opposed by some Native Americans New Tab , opens new tab given concerns the project could destroy a site of religious and cultural import. Report this ad That has placed Resolution at the center of a simmering debate about where best to secure copper and other critical minerals for the clean energy transition. Some of Resolution's opponents have repeatedly alleged that Anglo-Australian miner Rio would export the project's copper, but the company sees strong demand inside the United States, Bold Baatar, head of Rio's copper business, said in an interview on the sidelines of the World Show less Read more
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