Rio Tinto CEO Says Copper Outlook ‘Challenged’ in Near Term
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Copper’s short-term outlook faces pressures from supply-chain obstructions and decades-high inflation, impacting demand for the metal critical in everything from buildings to automobiles to mobile phones, according to the head of the world’s second-largest mining company.
“The short-term outlook might look a little bit challenged,” Rio Tinto Plc Chief Executive Officer Jakob Stausholm said in an interview at Bloomberg Headquarters in New York. “I don’t know where the world economy is heading, but I reckon coming out of Covid there’s still a lot of bottlenecks in the system and we’ve got inflation as high as we haven’t seen for 30 to 40 years.”