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Commodities

Rio Tinto exec says price volatility is unlikely to settle down

Steel and mineral demand to stay strong as globe transitions to clean energy

Rio Tinto's iron ore business brings in around 60% of the miner's revenues.    © 2022 Rio Tinto

TOKYO -- Commodity price volatility is unlikely to subside amid uncertainty over the Ukraine war and growing demand for key decarbonization materials, warns Rio Tinto, the colossal Anglo-Australian miner.

"It is clear that global events, rapid inflation and supply chain challenges have impacted commodity prices this year, and the market continues to experience volatility," said Alf Barrios, the miner's chief commercial officer, in a recent written interview with Nikkei.

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