Aluminium is Rio Tinto's albatross. As self-inflicted curses go, the miner's $38.1bn Alcan acquisition two years ago is hard to beat. It saddled Rio with huge debts, and dragged it into a $15.2bn rescue rights issue. Although it accounts for 60 per cent of Rio's assets, it is the biggest drag on its first half earnings, which more than halved to $2.6bn. The distraction may continue for a while: the near-term demand outlook for aluminium is still subdued.
铝是力拓(Rio Tinto)的一个劫数。两年前，力拓以381亿美元收购加铝(Alcan)，从此惹祸上身，难以收拾。力拓为此背上了沉重的债务，不得不通过增发新股，融资152亿美元。铝业务虽占力拓资产的60%，却是拖累其上半年盈利（下降逾一半，仅为26亿美元）的最大因素。这种烦人的状况可能还将持续一段时间：因为铝的短期需求前景低迷依旧。
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