Metal Stocks Will Soar in Second Half: Rio Tinto CEO
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.
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The global trend toward metal-intensive infrastructure projects will see “some improvements,” thanks to heavy infrastructure-driven countries like China, said Albanese.
Disclosure information was not available for Tom Albanese.
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