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Rio Tinto has given shareholders little room for optimism at its annual general meeting in London, saying demand for most commodities is expected to remain flat. Rio's outgoing executive chairman, Sir Robert Wilson, said that while China's positive influence on metal supply and demand continued to grow, there was little sign of improvement in key European, Japanese and US markets. "Forecasts are obviously clouded by the uncertain economic and political consequences of the war in Iraq", he said. "Even leaving aside the war, it is difficult to see what might cause significant improvements to the world's main economies". "I hesitate to forecast when we will see major improvement in overall demand and prices other than for iron ore.
Approximate Word count = 447 Approximate Pages = 1.8 (250 words per page double spaced)
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