India’s demand for steel and iron ore will not follow the same direct, rapid upward trend that characterised industrial growth in China, according to Indian mining group Vedanta. With China’s economy settling down to GDP growth of around 4-6pc/yr, India is the next major economic driver for global commodities demand, Vedanta chief executive Tom Albanese told the Mines and Money event in London. Albanese previously headed UK-Australian mining firm Rio Tinto.
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