[miningmx.com] – DEMAND from China for commodities remained stronger than ‘external pundits’ were saying, said Reuters citing comments made by Rio Tinto CEO, Sam Walsh, at the firm’s interim results in which a net profit fell to $806m from $4.4bn in the same period a year earlier.
“If I step back from it and look at demand for our products, almost without exception, the demand is strong from China,” Walsh said. “Whether it be iron ore, copper, gold, silver or diamonds, the demand is strong and that indicates that the fundamentals are much stronger than some external pundits are saying.”
Some foreign investors and analysts have said China is growing only half as fast as the 7% that official data shows, or maybe even slower, said Reuters.
Click here to read the full article
