China's demand for iron ore, copper, coal and aluminum will increase dramatically during the next 15 years before India takes the lead in its need for those commodities, global miner Rio Tinto Ltd. predicted in its annual report released Tuesday.
Rio Tinto chief executive Tom Albanese said the strong demand for iron ore clearly provided the most obvious option for production growth in Australia.
Albanese was optimistic about long-term growth prospects and said China's demand for iron ore, copper, coal and aluminum was expected to grow exponentially for the next 15 years.
"India is expected to follow, supporting a further potential wave of …
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