Record metallurgical recoveries in Q3 of 95.3% for gold and near-record recoveries of 95.1% for copper, with September achieving record monthly gold recoveries of 96.5% and copper recoveries of 95.9%, ...
We raise our fair value estimate for no-moat Rio Tinto to AUD 112 per share, up from AUD 108, driven by its value accretive acquisition of Arcadium Lithium.