Nickel production fell 14% year-on-year to 47,000 tonnes from 55,200 tonnes. Nickel production was constrained by operating issues at Koniambo - restart of its second production line currently expected in August. GLEN reduced its guidance for nickel by 10% to 105,000 tonnes from 117,000 tonnes.
Rio Tinto yesterday 1H net profit of $12.2 billion (a record), returning $9.1 billion odd in divis. ROCE of 50%. Net cash of $3.1 billion .....no debt. Another Co. on the quest for battery metals......established operations in Brazil.
Anglo American today.
HZM in a stronger position than 12 months ago. Delays should have been to their benefit......come on!!!