Rio CEO Warns Aluminium Stocks Weighing on Market-Shanghai Metals Market

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Rio CEO Warns Aluminium Stocks Weighing on Market

Industry News 10:10:07AM Nov 29, 2010 Source:SMM

MELBOURNE Nov 29 (Reuters) - Rio Tinto (RIO.AX: Quote) (RIO.L: Quote), the world's biggest aluminium producer, on Monday warned large inventories of aluminium amassed during the global financial crisis were weighing on the outlook for the commodity over the next few years.

"Beyond the next five years, I'm probably reasonably optimistic... But we have to be cautious in the next couple of years," Rio Chief Executive Tom Albanese told a briefing for analysts.
 

Key Words:  Aluminum Al  Rio Tinto 

Rio CEO Warns Aluminium Stocks Weighing on Market

Industry News 10:10:07AM Nov 29, 2010 Source:SMM

MELBOURNE Nov 29 (Reuters) - Rio Tinto (RIO.AX: Quote) (RIO.L: Quote), the world's biggest aluminium producer, on Monday warned large inventories of aluminium amassed during the global financial crisis were weighing on the outlook for the commodity over the next few years.

"Beyond the next five years, I'm probably reasonably optimistic... But we have to be cautious in the next couple of years," Rio Chief Executive Tom Albanese told a briefing for analysts.
 

Key Words:  Aluminum Al  Rio Tinto