Rio Tinto CEO says slowdown in China is worsening | ChinabyNumbers.com

Posted by:pilotwarezhk 1295 days ago • Discuss • http://news.chinabynumbers.com

The chief executive of Australian mining firm Rio Tinto said that the economic slowdown in China was worsening and demand for metals won't rebound until 2009. "It's decelerating more in the fourth quarter than we saw in the third quarter. That is going to lead to a deferred pickup in cumulative demand for most of the things we produce during the course of 2009," Tom Albanese said in an interview with the newswire service in Madagascar.

australia       mining       rio tinto       tom albanese