DJ Rio Tinto:Confident China Consumption Will Equal Japan,Taiwan

The head of Rio Tinto PLC's (RTP) pacific primary metal division Friday said she is confident China's consumption level will eventually equal that of Japan, Taiwan and South Korea.

Speaking at a Melbourne Mining Club lunch, Xiaoling Liu said if China reaches this consumption level, additional requirements for aluminum will be significant.

However, in recent times China has been self sufficient in meeting demand for the metal.

"Yes, there will be dips and troughs," Liu said. "But there's no reason to believe that China will not reach the same consumption level achieved in Japan, Taiwan and Korea."

Liu said Australia, which has around 25% of the world's bauxite reserves, is well positioned to supply this increase in demand.

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