A RECENT analyst note out of London makes a fair case for copper while claiming substitution is the single biggest risk to the red metal.
COMPARING copper supply to the perennial basket case that is aluminium seems a bit over the top but Deutsche Bank claims there are indeed some similarities.
KEN Brinsden’s Marius Kloppers impression was at least a sure sign the Atlas Iron CEO is taking his own advice to others who might be caught up in the “gross negativity” around iron ore prices and the future direction of the market. The advice?
A WIN for Chinese coal development group, Celadon Mining, has provided a boost for Mongolia-focused resource investment firm and major shareholder, Origo Partners.
THE idea being circulated in some circles that lower GDP growth spells the end of the China-driven commodities cycle is misguided, according to CRU Strategies senior consultant Zhenzhen Liu. Growth going forward will not match the previous decade but the China story is well and truly alive, albeit in a slightly different package.
CUMBERSOME Chinese bureaucracy and the inadequate management of Chinese enterprises are as much to blame for the country’s infrequent number of overseas acquisitions as the international community’s general reluctance to do business with China, according to PricewaterhouseCoopers director Allan Zhang.
FAIR to say those on a flying visit around China last week by investment-types did not exactly witness the sights and sounds that would make most miners particularly happy campers.
THE base metal commodities team from Barclays took a trip to China last week, visiting producers, consumers, traders and bonded warehouses in Beijing, Qingdao, Xi’an, Shanghai, Guangzhou, Shenzhen, and Panyu. Unfortunately the postcard spoke of political issues rather than lots of base metal action.
THERE are five key drivers of China’s steel demand growth and these, in combination with iron ore supply constraints, sees Credit Suisse forecasting strong iron ore prices for some years still to come.
DRIVING into Galaxy Resources’ newly built Jiangsu lithium carbonate plant in China, it rapidly becomes abundantly clear why this site – several thousand kilometres from the company’s Mt Cattlin spodumene mine in Western Australia – was selected.
AVONLEA Minerals managing director David Riekie is in China this week, trying to convince companies up there that Avonlea’s Namibian iron ore plan is worth backing.
BOTH the bulls and the bears on China will find something to encourage them in the latest property numbers out of the country.
IT’S a theory that has gained more momentum as the current market malaise has dragged on: that China’s roll-out of rail networks throughout its key coal provinces will further lower the floor propping up thermal coal prices.
THE latest data out of China suggests the issue of inflation has come under some sort of control. But analysts are divided over whether the easing inflation rate will lead to a loosening of the tight monetary policy that has hurt demand for commodities in recent months.
RUMOURS and speculation about the health of the Chinese economy appear to be causing as much angst among investors as the very real and very tangible economic crisis playing out in Europe. That’s the impression of Hong Kong-based Merrill Lynch economist Ting Lu, who has just returned home from the bank’s annual conference in Washington DC.
THE latest signs of a slow-down in the Chinese property market should be unnerving to followers of Australia’s resources sector for a number of reasons.
A CORPORATE scandal engulfing a Hong Kong-listed gold miner is doing little for the already embattled reputation of the Chinese-based companies listed there.
THE veracity of a wire story last week that said China may be lowering its target for 10 million housing starts next year by 20% has been questioned by the commodity team at Goldman Sachs. Hear, hear say the commodity bulls.
AMID all the speculation around the direction of China’s economy, one Australian has returned from a visit to the country with a very positive impression of China’s steel industry and its ongoing demand for Australian resources.
Efforts by the Chinese Government to reduce its reliance on fossil fuels (and hence China’s generation of carbon dioxide production) may have more or less guaranteed a secure long term off-take arrangement for one of Australia’s latest niche mineral miners.