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Gold/Mining/Energy : Copper - analysis
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From: Stephen O4/9/2008 10:22:34 AM
   of 2131
 
Rio Tinto Sees Copper Supply Shortfall on China Demand Growth
2008-04-09 09:24 (New York)

By Heather Walsh
April 9 (Bloomberg) -- Rio Tinto Group, the world's third- largest mining company, said global copper supply may fall short of demand this year as Chinese consumption grows as much as 10 percent.
``We see a very strong market,'' Bret Clayton, chief executive officer of Rio's copper division, said in an interview in Santiago today. ``We are in a very finely balanced market, with very low stock levels.''
``Real demand,'' and not speculative investments, is the main driver and may fuel a price increase, he said.

--Editors: Jessica Brice, James Langford.
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