Originally Posted by
percy
Certainly do.
Rio Tinto have the bauxite needed to make Aluminium.
Should they be able to sell their bauxite to Chinese Aluminium Smelters for a top price, there will be no reason to keep Tiwai Point Smelter operating.
I would think to keep their profitable bauxite mining going, they will keep Tiwai operating.
All depends on their transfer pricing, and Chinese demand for bauxite.
Short term demand will be weak,but the longer term demand may be strong.
I have shares in Bauxite miner Metro Mining, and they are ramping up production to meet forecast demand.