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Rio and Alcoa ride aluminium wave
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Rio and Alcoa ride aluminium wave
Image: sdx15/Adobestock.comGeopolitical tensions have lit a fire under aluminium prices, but Australia’s smelters are discovering that policy and power – not just markets – will decide how far the boom goes. Australia’s aluminium producers are rapidly restarting capacity as prices surge on Middle East supply disruptions, lifting margins across an industry long squeezed by global oversupply. But the rally is also exposing deeper structural constr…
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