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Rio Tinto sees commodity prices subdued in short term

Published 2015-11-25, 08:51 p/m
© Reuters.  Rio Tinto sees commodity prices subdued in short term
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SYDNEY, Nov 26 (Reuters) - Commodity prices are likely to
remain subdued in the short term as markets come to terms with
oversupply and slower Chinese growth, the head of global mining
giant Rio Tinto 's RIO.AX copper and coal divisions said on
Thursday.
Jitters about China's fiscal and monetary responses to the
slowdown there had rattled markets, but Rio still expects China
to grow at around 7 percent this year, Rio Tinto (L:RIO) copper and coal
chief executive Jean-Sebastien Jacques said in Sydney.
"I believe these supply-side issues, combined with certain
macro-economic conditions, and the action of some industry
players such as hedge funds, mean that some market distortions
exist."

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