Insight

China's part in Tom Albanese's downfall

Energy & Commodities

Tom Albanese’s departure from Rio Tinto last week was precipitated by substantial write downs in Rio Tinto’s aluminium businesses. Rather than just a case of a badly-timed bet on the global market for aluminium, this is the result of a bigger shift in aluminium markets. It is a structural shift in which speculative investors and Chinese state capitalism play a key role.

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