Rio Tinto wants to increase investment in U.S., WSJ reports

Rio Tinto (RIO) wants to increase its investment in the U.S., especially in copper, after President Trump signed an executive order to streamline permitting processes and boost government financing for minerals projects, Rhiannon Hoyle of The Wall Street Journal reports.”It’s clear that under the Trump administration, there is an increasing recognition of the need for domestic sources of copper and other critical materials in the U.S., to support manufacturing and the country’s energy future,” Katie Jackson, head of the company’s copper business, said in an email, according to the Journal.