Regional premiums may take hit: Côté

Dec 03, 2013 | 12:38 PM | Shivani Singh

Tags  Rio Tinto Alcan, Jacynthe Côté, London Metal Exchange, regional premiums, aluminum, alumina, rule changes, Shivani Singh

SINGAPORE — The London Metal Exchange’s rule changes could bring regional premiums down to historic lows and increase pressure on smelters, according to Rio Tinto Alcan Inc. chief executive officer Jacynthe Côté.

The Montreal-based mining company has closed or curtailed 600,000 tonnes of aluminum capacity since 2009, and its latest suspension of the Gove refinery in Australia will remove 2.6 million tonnes of alumina, she said Dec. 3.....

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