Rio Tinto sees aluminum market stabilizing

It is reported that Rio Tinto, the world's largest producer of aluminum sees the aluminum market stabilize in the near future.

The high level of inventory has allowed end users to be more cautious on the prices thus the market may still be volatile.

Meanwhile, Rio Tinto is moving its contract of alumina to shorter term basis in order to reflect the market and raising production costs.

（Sourced from YIEH.com）