Cheers China! Beer Can Switch to Boost Aluminum, Rio Tinto Says
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A switch by China’s packaging firms to favor aluminum cans for beer and soft drinks is among key drivers that’ll underpin continued demand growth for the lightweight metal, according to Rio Tinto Group.
The world’s second-biggest miner, which generates more than a quarter of its revenue from the metal, also sees demand being boosted by the forecast rise of electric vehicles and the push by manufacturers to produce lighter cars to reduce emissions, Rio’s aluminum unit Chief Executive Officer Alf Barrios said Monday in an interview.