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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: sea_urchin who wrote (21203)6/16/2004 4:23:37 AM
From: GUSTAVE JAEGER  Read Replies (2) of 81084
 
Re: But business is having a very hard time. Exports are right down. Mines are closing.

But what of the Chinese pull that's currently lifting the prices of raw materials and ores worldwide? Steel went up from $50 a ton to $300 over the past 12 months alone... So much so that even European steel plants that were deemed too expensive a year ago are now being reopened... just to supply the Chinese market!! South Africa as an ore-rich country must certainly be a prime target for hungry Chinese industries: gold, copper for space and electronics, uranium, cobalt, diamonds,... Don't worry, Searle: the Chinese are gonna bail you out.
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