Key facts: Rio Tinto faces smelter closure; shares drop; seeks Colombia exploration
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Rio Tinto's Tomago aluminium smelter, with a 52% stake, may close due to energy supply issues. The Australian government plans a $670 million rescue to secure jobs and operations.123Shares of Rio Tinto fell approximately 3% as copper prices declined by 3.5% to $11,415 a metric ton, amid concerns over a potential AI bubble burst that triggered a sell-off in riskier assets.4Rio Tinto is working to secure its qualification for Colombia's upcoming exploration round, which will provide 14 areas for copper, gold, and polymetallic production and exploration.5
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