Hedge fund with £197m stake leads push to prioritise Sydney exchange as FTSE 100 firm outlines ambitious copper production targets

An activist investor in Rio Tinto has demanded the miner scrap its primary London listing and focus on Australia, as the FTSE 100 firm outlined its long-term investment strategy.

Palliser Capital called on the metals and minerals firm to drop its “outdated” dual listing structure across the London and Sydney financial markets.