The face of poor market conditions, the multinational mining giant did not choose the cut, but betting on the Chinese demand to pick up. Yesterday, foreign news, the force of one of the three major mining Billiton announced that adhere to the development project plans to invest $ 16 billion this year, the most important reason to dare such a big look forward to China's economic growth accelerated.
 
Rio Tinto chief executive Tom Albanese said the company expects China's economic stimulus measures will be put in place at the end of this year, 500 infrastructure projects will be started this year and next year, this stimulus, the company's orders has been fully . In fact, the iron ore producers are racing to increase production, they argue, the current weak demand is temporary, steel demand in China will reach peak levels in 2025 or 2030, only increase the demand for iron ore reduction.
Albanese also admitted, after the iron ore and coking coal used in steel prices, the market is in a "delicate situation". Business slowdown of Chinese steel mills, iron ore prices have dropped below $ 120.



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