Rio Tinto sees gradual recovery in China’s economy in 2024
Diversified mining major Rio Tinto expects stimulus measures implemented by China to catalyse a slow but steady recovery of the world’s second-biggest economy in 2024, providing reinforcement to commodity prices.
Increased Chinese policy measures, reduced global recession anxieties and a general slowdown in inflation have already lent backing to commodity prices in the fourth quarter, the iron-ore mining major states in its December quarter results, presented by CEO Jakob Stausholm on Tuesday.