Lightweight metal finally doing heavy lifting for Rio

RIO Tinto’s ill-fated acquisition of Canada’s Alcan for US$38 billion in 2007 is finally doing some heavy lifting, writes Barry FitzGerald.

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Rio is enjoying healthy margins in its aluminium business

In a nick of time too, given the dive in iron ore prices.

Rio's aluminium division is not going to fully offset the hit to earnings from iron ore.