Rio says moving toward short-term alumina pricing

MELBOURNE Nov 29 （Reuters） - Rio Tinto （RIO.AX: Quote） （RIO.L: Quote）, the world's biggest aluminium producer, is increasingly pricing more of its alumina on a short-term basis, the company said on Monday.

Rio Chief Executive Tom Albanese said the company's alumina business was shifting away from alumina prices linked to the cost of aluminium priced on the London Metal Exchange. （Reporting by Sonali Paul and James Regan）