Alcoa (AA) says it's considering buying aluminum assets from BHP Billiton (BHP) and Rio Tinto...

|By:, SA News Editor

Alcoa (AA) says it's considering buying aluminum assets from BHP Billiton (BHP) and Rio Tinto (RIO) as it expects demand to grow ~6.5%/year for the next decade. BHP and Rio have either sold or halted development of aluminum projects following a decline in the price of the metal and a shift in focus toward more profitable commodities.