Rio Tinto trying to meet U.S. aluminum demand as Middle East war roils supply chains [Globe and Mail, The (Toronto, Canada)]
Rio Tinto Plc (RIO)
US:NYSE Investor Relations:
riotinto.com/investors-87.aspx
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Source: Globe and Mail, The
ROGER LEMOYNE photographer/The Globe and Mail The Anglo-Australian multinational's five wholly-owned smelters in Quebec's Saguenay region and one in Kitimat, B.C., are already operating near full capacity but mining staff are working to restart a number of smelter pots currently not in use to maximize output, according to Jérôme Pécresse, head of the company's global aluminum and lithium business. The conflict pitting the United States and Israel against Iran is “going to create a supply gap at some stage,” Mr. Pécresse said in a recent interview. Multiple aluminum smelters in the Persian Gulf have curtailed or stopped production, a situation that won't quickly recalibrate even with a ceasefire or permanent peace deal, he said. “It's created a tense situation in which we're trying to play our role as a stable and reliable supplier for the American market,” Mr. Pécresse told The Globe and Mail. “We're spending a lot of energy and effort to try to serve our American customers, in
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- 4/8/26 - Form SD
- 2/19/26 - Form IRANNOTICE
- RIO's page on the SEC website