Rio Tinto is to shut an alumina refinery in Australia in a sign of the prolonged tough conditions facing the aluminium industry.
The economics of producing aluminium have been transformed by the rapid expansion of refining and smelting capacity in China. Rio’s $38bn acquisition of Alcan in 2007, and subsequent huge writedowns on the overpriced deal, have come to epitomise the problems of the world’s largest diversified mining groups in dealing with the aluminium sector’s transformation. (Leer más… http://www.ft.com/intl/cms/s/0/6119bad4-5908-11e3-9798-00144feabdc0.html#axzz2lyQ8bC4H)
(English, Article, 2013)