Speaking at the annual general meeting of Australia-based miner Rio Tinto, the company chairman Jan du Plessis stated that over the past five years the market has experienced volatility unlike anything seen before.
The financial markets continued to be volatile in 2013 and, while the outlook is now brighter in some parts of the world, Mr. du Plessis said he still believes that volatility looks set to continue in the short to medium term as a number of structural deficiencies remain unresolved, due to tensions remaining in Europe and despite the optimism that economic growth will be stronger in the United States.
The Rio Tinto chairman also cited the recent events in the Ukraine, the conflict in Syria and the turmoil in Egypt among the reasons for the continued volatility.