According to a 6/20/08 CNBC interview with the CEO of Rio Tinto (RTP), Tom Albanese:* CHINA is the World's Largest CONSUMER of Steel, Copper and Aluminum.
* Over the past 5 years, China has been responsible for 95% of the incremental growth in Copper consumption...Two years ago China was consuming 1/4 of the world's copper, now China is consuming 1/3 of the world's copper.
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* United States-based Freeport Mcmoran Copper & Gold (FCX) is the world's largest publicly traded COPPER company...England-based Rio Tinto (RTP) is the world's largest publicly traded ALUMINUM company...Luxembourg-based ArcelorMittal (MT) is the world's largest publicly traded STEEL company.
Data Courtesy: CNBC
Full Disclosure: I own shares of FCX and MT.
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