Rio Tinto CEO says China still promising mineral market as EVs boom

Mining giant sees 'quite resilient' economy, good iron and copper demand

20231108  Rio Tinto Executive Director and CEO Jakob Stausholm Interview

The Chinese economy is "actually quite resilient" despite some challenges in the property sector, Rio Tinto Chief Executive Jakob Stausholm told Nikkei Asia. (Photo by Kosuke Imamura) 

SAYUMI TAKE, Nikkei staff writer

TOKYO -- China remains a key market for Rio Tinto, the Anglo-Australian mining company, even as the nation's faltering economy and authoritarian regime concerns some Western governments and businesses, Chief Executive Jakob Stausholm told Nikkei Asia.

"There are some challenges in the property sector, but you have to bear in mind that the automotive sector is booming, particularly EV production and the export of EVs," said Stausholm, who had just come from China to speak at Nikkei's Global Management Dialogue in Tokyo on Wednesday.

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