World's Biggest Aluminum Producer Eyes Chinese Market

The world's biggest aluminum producer, Rio Tinto Alcan sees China's growing aluminum market as an opportunity to expand business.

'Rio Tinto has to some extent ignored the Chinese market before the acquisition of Alcan. But the strong development of aluminum industry has attracted us to look for more business opportunities here,' said Jean Pierre Paillot, Rio Tinto Alcan's President of the Chinese market.

Paillot said the Rio Tinto Alcan has established a regional headquarter for China in Shanghai a few months ago, and he personally has toured around some aluminum-rich provinces in the country looking for investment deals.

'Rio Tinto may pick Guangxi as the first choice for cooperation, because the region is rich in aluminum, hydro-power, land, and labor resources,' Paillot said when meeting with Guo Shengkun, deputy chairman of Guangxi Zhuang Autonomous Region at the sidelines of the _disibledevent="Times New Roman">Alcan joined Rio Tinto as 79.4 percent of its shares were tendered to the London-based miner earlier this month. The acquisition makes Rio Tinto the world's largest aluminum producer, ahead of Russia's UC Rusal.

Copyright and Exemption Declaration :¢ÙAll articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ¢ÚArticles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ¢ÛIf any articles copied by our website concern the copyright and other problems, please contact us within one week.