Rio Sticks to Bullish China Steel Outlook After BHP Cuts

Posted on September 3, 2015 by Nanthakumar Victor Emmanuel, P.Eng Leave a comment

Rio Tinto will move early next year into its new Montreal headquarters - with the Alcan name missing from the building.

After “rigorous analysis,” #RioTinto, the world’s second-biggest miner,reaffirmed Chinese crude-steel output will reach about 1 billion metric tons by 2030. #BHP now forecasts production to peak in the mid-2020s at between 935 million tons and 985 million tons, down from as much as 1.1 billion tons.