Interesting reads - China’s metal demand (Bloomberg)
Baosteel Says Iron Miners Can’t Keep Pace With Demand as Steel Output Rose Baosteel Group Corp., China’s biggest steelmaker, said iron ore supplies are lagging behind demand from the country’s mills, indicating it may struggle to hold down prices in talks with mining companies led by BHP Billiton Ltd.
Chinalco Buys More Overseas Copper Producers to Meet Nation’s Metal Demand Aluminum Corp. of China, parent of the nation’s biggest producer of the metal, plans to buy more overseas copper mining companies to meet rising domestic demand and help diversify earnings.
October 20th, 2007 at 9:23 pm
[...] Interesting reads - China’s metal demand (Bloomberg)Baosteel Says Iron Miners Can’t Keep Pace With Demand as Steel Output Rose Baosteel Group Corp., China’s biggest steelmaker, said iron ore supplies are lagging behind demand from the country’s mills, indicating it may struggle to hold … [...]