Rio Tinto is Bullish on China: Does that Make the Stock a Buy?
December 09, 2013 at 16:47 PM EST
Rio Tinto (NYSE: RIO ), the British industrial minerals firm, is so bullish on China it is spending $2 billion to increase production of iron ore in Australia by 25 percent. As detailed in a previous article on Benzinga , BHP Billiton (NYSE: BHP ), a natural resources firm