Caterpillar convinced long term demand for metals and minerals will grow (November 19, 2008) – The chief executive of Caterpillar Inc says he is convinced that the long-term demand for minerals will grow.

"It's going to grow substantially because China, India, Southeast Asia, Latin America, all these emerging countries can't grow without minerals," Caterpillar Chief Executive James Owens told reporters on the sidelines of a CEO conference in Washington, D.C., on Tuesday.