Rio Tinto sees short-term volatility for copper

Nov 14, 2012 | 11:25 AM | Thorsten Schier

Tags  Rio Tinto, Andrew Harding, copper, Oyu Tolgoi, molybdenum, Thorsten Schier

NEW YORK — Volatility in the copper market is likely to continue in the short term due to macroeconomic factors, even as the long-term growth of the industry is assured, according to a top executive at Rio Tinto Plc.

"While we expect continued volatility in the short term, the copper market’s long-term fundamentals are robust," Andrew Harding, chief executive officer of Rio Tinto Copper, said at Dahlman Rose & Co.’s third annual Global Metals, Mining and Materials Conference in New York.....

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