Rio Tinto plans to enjoy a long commodity party

Rio Tinto aims for organic growth during a structural shift in global demand for metals, says Tom Albanese, CEO of Rio Tinto.

Rio Tinto plans to enjoy a long commodity party
Tom Albanese, CEO of Rio Tinto

The mining industry has reaped a bonanza during the past two years. Prices of base metals, precious metals and others, especially “rare earth” metals, have surged.

So, “when will the party end” asked Tom Albanese, chief executive officer of Rio Tinto at the Credit Suisse Asian Investment Conference in Hong Kong yesterday.

Well, not soon. “It will continue for some time due to the irresistible demand-pull of China’s appetite to build...

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