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    DJ Rio Tinto Chairman:China To Remain Driver Of Commodity Demand

  • China Aluminium Network
  • Post Time: 2008/11/24
  • Click Amount: 482

    Rio Tinto Ltd. (RIO.AU) Chairman Paul Skinner said Monday the company still expects demand for its key products to double by 2022 despite the current slowdown in demand. 


    Skinner said economic growth in China in the fourth quarter looked set to be slower than in the third quarter but in the long run China would remain the key driver of commodities demand.


    "We still expect global demand for our key products, including iron ore, copper and aluminium, to double by 2022," he told the Australian-British Chamber of Commerce.


    Skinner said that given the slowdown it is prudent for Rio Tinto to review spending on growth projects but this won't undermine its capacity to grow in the longer term.


     

    Source: Comtex
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