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    Home > Finance > Rio Tinto bets Trump will give green light to US copper mine, FT reports
    Finance

    Rio Tinto bets Trump will give green light to US copper mine, FT reports

    Published by Global Banking and Finance Review

    Posted on January 22, 2025

    1 min read

    Last updated: January 27, 2026

    Featured image illustrating Rio Tinto's strategic bet on U.S. President Trump approving the Resolution copper mine in Arizona, crucial for U.S. copper supply. This project aims to meet the growing demand for copper in various industries.
    Rio Tinto executives discussing copper mine project with Trump administration - Global Banking & Finance Review
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    Quick Summary

    Rio Tinto anticipates Trump's approval for its Arizona copper mine, which could supply 25% of US copper needs, in partnership with BHP Group.

    Rio Tinto Expects Trump's Green Light for Arizona Copper Mine

    (Reuters) - Rio Tinto is betting that U.S. President Donald Trump will finally give the green light to its giant copper mine in Arizona, the Financial Times reported on Wednesday.

    "I do think that we have really good chances now to progress that project," the miners top boss Jakob Stausholm told the newspaper in an interview published on Wednesday.

    The stalled Resolution copper mine that Rio is developing with BHP Group could supply more than one quarter of the United States' domestic copper needs for the highly conductive metal.

    (Reporting by Gursimran Kaur in Bengaluru; Editing by Savio D'Souza)

    Key Takeaways

    • •Rio Tinto seeks Trump's approval for Arizona copper mine.
    • •The mine could supply 25% of US copper needs.
    • •Rio Tinto partners with BHP Group on this project.
    • •The project has been stalled but may progress soon.
    • •CEO Jakob Stausholm is optimistic about the approval.

    Frequently Asked Questions about Rio Tinto bets Trump will give green light to US copper mine, FT reports

    1What is the main topic?

    The article discusses Rio Tinto's anticipation of gaining approval from President Trump for its copper mine in Arizona.

    2Who is involved in the project?

    Rio Tinto is developing the copper mine in partnership with BHP Group.

    3What is the significance of the mine?

    The mine could potentially supply more than a quarter of the United States' domestic copper needs.

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