Rio Tinto CEO says copper outlook 'challenged' in near term

Copper’s short-term outlook faces pressures from supply-chain obstructions and decades-high inflation, impacting demand for the metal critical in everything from buildings to automobiles to mobile phones, according to the head of the world’s second-largest mining company.

“The short-term outlook might look a little bit challenged,” Rio Tinto CEO Jakob Stausholm said in an interview at Bloomberg Headquarters in New York.