Rio Tinto CEO believes market to be more balanced this year
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Update time : 2022-03-29 20:30:38
Since 2021, global commodities’ prices have continued increasing, which caused all the prices in the world to follow an uptrend as well. While in 2022, under the shadow of both the conflict between Russia and Ukraine and the spreading coronavirus, the global commodity situation has been further complicated.
The chief executive officer of Rio Tinto Group, Mr. Jakob Stausholm, recently pointed out that the entity is now stepping into relatively normal status. In Addition, he presumed that this year the market could be more balanced than in the past year.
Meanwhile, Rio Tinto also pointed out that the global iron ore demand, especially from China, kept increasing rapidly from 2020 to 2021.
