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Rio Tinto Expects Aluminium Demand Growth To Be About 3.2% Per Annum Next 5 Yrs

Rio Tinto PLC (RTPPF.PK,RIO.L,RIO,RTNTF.PK) said that it expects aluminium demand growth to be about 3.2% per annum next 5 years. China is expected to be broadly balanced in aluminium in medium to long-term.

The company said it maintained its low-cost position despite commodity headwinds. Costs are expected to stay elevated in 2019. Raw materials cost headwinds impacted EBITDA by $229 million in the first-half of 2018 compared to the prior year.

US primary metal demand is expected to grow by 0.3 Mtpa from 2017 to 2020.

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