Rio Tinto Hopeful on Long-Term Commodity Demand
November 25 2015 - 10:12PM
Dow Jones News
By Rhiannon Hoyle
SYDNEY--Rio Tinto PLC foresees subdued commodity prices in the
short term, but remains optimistic about long-term demand and
continues to forecast 7% growth in China this year, the miner's
copper and coal chief executive said on Thursday.
"The boom times were never going to last forever and neither
will the tough times," Jean-Sébastien Jacques said in a speech in
Sydney.
Commodity prices have slumped to multiyear lows in recent days,
weighed down by a stronger dollar and expectations of lackluster
demand.
He said all Rio Tinto's copper mines continued to generate
surplus cash despite a sharp fall in the value of that
commodity.
Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
November 25, 2015 21:57 ET (02:57 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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