Rio Tinto: Moving to short-term alumina pricing mechanism

Reuters, Melbourne, 29th: The world's mining giant Rio Tinto said on Monday that the company is increasingly inclined to adopt a short-term benchmark pricing alumina price mechanism.

Rio Tinto CEO Tom Albanese said the company's alumina business has abandoned the use of aluminum alloys based on the cost of aluminum products on the London Metal Exchange (LME).

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