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Rio Tinto mulls European smelter sale

Monday, October 9, 2017   (0 Comments)
Posted by: Annie Nguyen
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Rio Tinto mulls European smelter sale

Private equity groups have expressed an interest in Rio Tinto’s Dunkerque smelter in northern France.


The Australian 12:00AM October 9, 2017

Rio Tinto is considering selling Europe’s biggest aluminium smelter after a resurgence in prices for the metal.

Aluminium prices have risen by about 30 per cent on the London Metals Exchange this year.

Rio’s aluminium business has been a source of speculation in the decade since it paid $US38 billion, a 65 per cent premium, for Alcan, the Canadian producer. Recently Rio, under chief executive Jean-Sebastien Jacques, has been weighing up a sale of...

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