| Today we feature a press releases from Rio Tinto. As a major player in the Mining industry the boom in their shares is a very good indicator that the industry is going to continue to grow very quickly over the coming years. For full article please read on:
Boom in Rio Tinto shares indicates growth in Mining sector |
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Resources commentators expect strong growth in the sector to continue on the back of Rio Tinto shares hitting $100 this week. The mining giant became the first Australian-listed company in modern times to reach the milestone.
Trading in Rio Tinto has remained steady for the last two days.
Stock Resource principal Steve Bartrop says this could just be the tip of the iceberg, with the head of BHP Aluminium predicting unprecedented growth.
“The company is really saying that if the long term demand growth rates are maintained at these levels the call on minerals and energy in the next 25 to 30 years could be as great as throughout modern history,” he said. |
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