MarketWatch: Rio Tinto – Copper outlook good despite volatility

Rio Tinto PLC, which is developing one of the world’s largest mines in Mongolia, Thursday said the long-term outlook for copper remains positive even though volatility in commodity prices is likely to persist in the near term. Demand for copper has “plenty of growth potential,” Andrew Harding, chief executive of the Anglo-Australian company’s copper division, said in a slide presentation released to coincide with a resources conference in Hong Kong. Mr. Harding said the Oyu Tolgoi copper and gold project near Mongolia’s border with China is now 85% complete and on track for first commercial production by 2013. To read the full article, click hereRio Tinto – Copper outlook good despite volatility

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