Rio Tinto’s CBA Move Expands Aluminium Reach As Shares Outpace Targets
Rio Tinto Group (LSE:RIO) and Chinalco have agreed to acquire a controlling stake in Brazil based aluminium producer Companhia Brasileira de Alumínio (CBA). The deal gives Rio Tinto a larger presence in Latin American aluminium, extending its integrated position across bauxite, alumina and primary metal. The transaction represents a new phase of international expansion for Rio Tinto in a core business line alongside its iron ore and copper operations. For investors watching LSE:RIO, this...
Rio Tinto Group (LSE:RIO) and Chinalco have agreed to acquire a controlling stake in Brazil based aluminium producer Companhia Brasileira de Alumínio (CBA). The deal gives Rio Tinto a larger presence in Latin American aluminium, extending its integrated position across bauxite, alumina and primary metal. The transaction represents a new phase of international expansion for Rio Tinto in a core business line alongside its iron ore and copper operations. For investors watching LSE:RIO, this...