Reuters
Warehouse finance deals hit availability-Rio Tinto Alcan
Edited by : AL CIRCLE
1 min read
An extended period of low interest rates around the world suggest that the warehouse financing deals eating into aluminium availability for consumers will remain intact for a while yet, the chief executive of Rio Tinto Alcan said on Thursday.
"Financial deals remain attractive for an extended period... This is constraining the availability of metal to the consumer market and further supporting prices and physical premiums," Jacynthe Côté, chief executive, Rio Tinto Alcan, Canada told delegates to a Metal Bulletin alumninium conference in Paris.
"Financial deals remain attractive for an extended period... This is constraining the availability of metal to the consumer market and further supporting prices and physical premiums," Jacynthe Côté, chief executive, Rio Tinto Alcan, Canada told delegates to a Metal Bulletin alumninium conference in Paris.
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