
Key facts: UBS Highlights Rio Tinto's Brine Assets; Simandou Cuts 8,000 Jobs

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UBS analysts emphasized the quality and optionality of Rio Tinto's Argentinian brine assets, which are crucial for its lithium ambitions, with projected C1 cash costs estimated at $5–6 per kg LCE.1The Simandou project, expected to produce 120 million metric tons of iron ore yearly, has cut 8,000 of its 10,000 workers recently, raising concerns about safety and unrest.2
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