Rio Tinto 'more confident' than six months ago about demand outlook

May 09, 2012 | 11:16 PM |

Rio Tinto is more confident about the demand outlook for its commodities than six months ago as hopes for a US recovery outweigh concerns of contagion from the European debt crisis, chairman Jan du Plessis told shareholders at the agm on Thursday. Promising signs of a US recovery have improved the global picture in the past six months, he said. “China is not growing at the same rate as we have seen in recent years, but the rate of growth is still very favourable in comparison to global economic growth,” du Plessis said. “Over the longer term, we continue to believe the outlook remains strong with demand for many of the....

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