Despite a lull in the United States, Vivek Tupule, of Rio Tinto expects to see new record highs this year due to China’s continued economy growth.  Vivek Tupule is the chief economist for Rio Tinto, which is the world’s second largest miner according to market capitalisation.

“Supplies remain constrained and there’s scope for demand pick up once the Chinese stocks, which have been built in the past, are taken away … In a few months time, there will be conditions for strong buying,” he said.

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Tulpule said he believed the Chinese economy was “decoupling” from the West, and that it would still grow strongly despite a slowdown in the United States, ensuring strong demand for metals.

“The Chinese economy is pretty resilient to U.S. slowdown … We don’t see a big effect coming back into commodity markets,” he said.

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