China has without doubt been the largest single driver of metal prices over the last ten years as the country’s phenomenal growth, much of it investment-led, has sucked in mind-boggling quantities of iron ore, coal, base metals and other commodities. At the same time, the wealth created by that growth has gradually permeated through Chinese society, resulting in a rising middle class keen and able to buy foreign-made products.
The investment in infrastructure has been the single-largest factor within China’s growth story when it comes to metals demand. Read the details of that growth, and its implications, in this article.
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