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Demand, supply and price of copper – an exploration ... - Rio Tinto

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Key drivers for long term commodity dem<strong><strong>an</strong>d</strong><br />

growth remain intact<br />

Urb<strong>an</strong>isation rates across Asia, the United States <strong><strong>an</strong>d</strong> Europe<strong>an</strong> Union<br />

Urb<strong>an</strong>isation rate (percent)<br />

100<br />

Urb<strong>an</strong>isation rates, income <strong><strong>an</strong>d</strong> population<br />

80<br />

60<br />

40<br />

20<br />

India<br />

Sources: Global Insight, CIA Factbook<br />

0<br />

China<br />

EU15<br />

Jap<strong>an</strong><br />

National averages<br />

Chinese provinces<br />

Note: Size <strong>of</strong> bubble reflects total population<br />

United States<br />

0 10,000 20,000 30,000 40,000 50,000<br />

GDP per capita (US$ at PPP rates in 2006 terms)<br />

<strong>Dem<strong><strong>an</strong>d</strong></strong>, <strong>supply</strong> <strong><strong>an</strong>d</strong> <strong>price</strong> <strong>of</strong> <strong>copper</strong> <strong>–</strong> <strong>an</strong> <strong>exploration</strong> perspective 5

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