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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 371.65-1.1%Nov 17 4:00 PM EST

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To: energyplay who wrote (39235)8/25/2008 9:05:32 AM
From: elmatador  Read Replies (2) of 217836
 
Metals/materials equation has changed. It was about mine where ore was available, ship to smelter near consumer/end user. 40 years ago changes started.

Japan farmed out Aluminium after first oil shock since it imported Bauxite and energy to smelter it.

Iron is following aluminium in a similar manner. Vale mines iron ore, ThyssenKrupp smelter it Rio, ship steel to Alabama and to Germany to be transformed into special steel for auto markers.

All that based in shipping costs and proximity of mines here in Brazil. But ThyssenKrupp in Rio is an integrated with electricity, cement and Oxygen company Air Liquide all coupled with the main plant.

That is the shape of things to come.
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