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Metal Stocks Will Soar in Second Half: Rio Tinto CEO

Tuesday, 31 Mar 2009 | 5:02 PM ET

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.

The global trend toward metal-intensive infrastructure projects will see “some improvements,” thanks to heavy infrastructure-driven countries like China, said Albanese.

Rio Tinto CEO on Commodities
Tom Albanese, CEO of Rio Tinto, discusses commodity prices with CNBC's Maria Bartiromo.

Disclosures:

Disclosure information was not available for Tom Albanese.

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Top Metals Stocks:

United States Steel

Market Vectors Steel

BHP Billiton

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