Rio Tinto, Alcan and the Outlook for Global Commodities

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cmc_300×250.gifThe Daily Reckoning’s Kris Sayce was interviewed by ABC National Radio on Saturday:

“Rio Tinto has announced plans to spend 44 billion Australian dollars buying Canadian Aluminium producer Alcan.The offer prices Alcan at over $100 US a share, more than double the price of 12 months ago

Markets have for some time now been expecting some consolidation among the world’s big commodities producers, but the figures involved here have caught everyone by surprise.

The specifics of the deal are worth looking at, but of perhaps more interest is what the proposal says about the outlook for global commodities.”

Access the audio version of the interview here at ABC National Radio.

The Daily Reckoning
The Daily Reckoning offers an independent and critical perspective on the Australian and global investment markets. Slightly offbeat and far from institutional, The Daily Reckoning delivers you straight-forward, humorous, and useful investment insights from a world wide network of analysts, contrarians, and successful investors. Founded in 1999, The Daily Reckoning is published in 7 countries with a worldwide readership of almost 1 million people.
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