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First Steel, Now Copper: Rio Stays Optimistic on Chinese Growth

  • Property market improvement helping outlook for prices
  • Rio has `no issues' placing copper from Oyu Tolgoi into China
Rio Tinto's Pilbara mine

Rio Tinto's Pilbara mine

Ian Waldie/Bloomberg
Updated on

Rio Tinto Group isn’t just bullish about China’s steel demand, it’s also upbeat about copper use in the world’s biggest consumer.

Signs of improvement in China’s property market are boosting prospects for the metal, Jean-Sebastien Jacques, head of Rio’s copper and coal operations, said in an interview in Singapore. The government will also implement more stimulus measures if the world’s second-largest economy slows too much, he said.