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Rio Tinto: China iron ore weakness will continue for several months

Albanese, chief executive of Rio Tinto plc (TomAlbanese) said on Thursday that Chinese iron ore market is currently showing the weakness is expected to continue for several months.
 
Albanese attended a business forum in Perth, said the Chinese iron ore market in the third quarter, most of the time, or to maintain a weak trend, this time may also extend.
 
Albanese added that Rio Tinto expects market volatility caused by the global debt problem will continue, driven by the industrialization process of China did not change the long-term demand for iron ore.



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