Rio Tinto Aims to Start Arizona Copper Project by Mid-2030s, May Export Concentrate Due to US Smelting Challenges

Published: Mar 27, 2026 14:56
Rio Tinto plans to begin operations at its Resolution Copper project in Arizona by the mid-2030s, but may export part of the concentrate due to challenging smelting economics in the US, a senior executive said. The company recently secured the necessary land after a long legal battle with the San Carlos Apache tribe. Resolution is expected to produce over 18 million tonnes of copper over its lifetime.
Separately, Rio Tinto’s Diavik diamond mine in Canada has closed after 23 years of operation, with closure activities continuing through 2029.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Copper Faces Short-Term Surplus but Long-Term Deficit Outlook
8 mins ago
Copper Faces Short-Term Surplus but Long-Term Deficit Outlook
Read More
Copper Faces Short-Term Surplus but Long-Term Deficit Outlook
Copper Faces Short-Term Surplus but Long-Term Deficit Outlook
The copper market is increasingly split between short-term surplus and long-term deficit expectations. Rising inventories and weak demand are weighing on prices now, but electrification trends still support a bullish long-term outlook, signaling a shift from scarcity-driven trading to fundamentals-driven correction.
8 mins ago
Copper Pricing Disconnect Emerges Between Financial Flows and Fundamentals
9 mins ago
Copper Pricing Disconnect Emerges Between Financial Flows and Fundamentals
Read More
Copper Pricing Disconnect Emerges Between Financial Flows and Fundamentals
Copper Pricing Disconnect Emerges Between Financial Flows and Fundamentals
Copper prices surged earlier in 2026 amid strong speculative inflows and rising futures positioning. However, physical demand has lagged, and inventories continue to build, creating a growing disconnect between financial pricing and real market fundamentals.
9 mins ago
Jiangxi Copper Successfully Ignites Furnace for Full-Chain Solid Waste Utilization Project
48 mins ago
Jiangxi Copper Successfully Ignites Furnace for Full-Chain Solid Waste Utilization Project
Read More
Jiangxi Copper Successfully Ignites Furnace for Full-Chain Solid Waste Utilization Project
Jiangxi Copper Successfully Ignites Furnace for Full-Chain Solid Waste Utilization Project
At 10 a.m. on March 28, the side-blown furnace of Jiangxi Jiangtong Tongxin Environmental Protection Resource Comprehensive Utilization and Environmental Protection Equipment Manufacturing Phase II Project was successfully ignited, marking the full commissioning of Jiangxi Copper Group’s first full-chain project for solid waste resource utilization and environmental protection equipment manufacturing.
48 mins ago