Rio Tinto Alcan earnings bolstered by high premiums

Feb 14, 2014 | 10:44 AM | Michael Cowden

Tags  Rio Tinto Alcan, Midwest premiums, London Metal Exchange, aluminum, Michael Cowden

CHICAGO — Despite lower aluminum prices, Rio Tinto Alcan Inc.’s earnings surged in 2013 thanks in part to higher regional premiums and financing deals that kept metal in warehouses and away from physical consumers.

The Montreal-based aluminum producer saw underlying earnings jump to $557 million from $54 million in 2012, according to parent company Rio Tinto Plc’s earnings data released Feb. 13.....

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