Rio to ride the commodity bull

Rio Tinto expects to skate over a possible fiscal cliff and believes that prospects for commodities will be strong for decades to come. Demand for iron ore will rise over 50 per cent by 2025, they say.

Rio Tinto’s chief economist thinks that commodities will effectively skip over the fiscal cliff, if such a disaster were to come to pass.

Vivek Tulpul agrees that failure to avert the fiscal crisis could have as much as a 4 per cent impact on US GDP but believes that such an event would trigger a fresh wave of stimulus by the Federal Reserve, as well as by the Chinese government.

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