According to Tom Albanese, CEO of Rio Tinto, metal stocks will see a boost in the second half of 2009.
“We’re beginning to see some of the infrastructure-driven stimulus plan in China and in the U.S. playing into steel, aluminum, copper demand and other materials that [Rio Tinto ] would produce,” Albanese told CNBC.
- Track Commodities Here
- Get Extra-Hour Quotes for Rio Tinto
The global trend toward metal-intensive infrastructure projects will see “some improvements,” thanks to heavy infrastructure-driven countries like China, said Albanese.