China ramping up grid spending after green power supply boom
Faster grid expansion is going to accelerate demand for copper, said Wei Lai, deputy trading head at Zijin Mining Investment Shanghai Co.
Rio Tinto, the world’s third-largest miner, expects global markets to remain fragile in the near term and sees itself in a strong position to weather any turbulence, its chairman said on Thursday.
The company said that it expected little impact on demand for commodities following the earthquake and tsunami disasters in Japan, and said in the long run demand may increase as Japan moved to rebuild.
