Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Valuepro who wrote (61650)	10/15/2008 1:50:31 PM
From: hank2010	Read Replies (2) of 78412

"Mega miner Rio Tinto thinks Chinese metals demand will slow in line with the global economic outlook and demand won’t pick up until next year." However, further into the article "In a statement expanding on Albanese's observations, Rio Tinto said that there had been a deceleration in Chinese growth, which is expected to fall from nearly 12% in 2007 to less than 10% this year." I interpret a 10% increase in growth of the world's largest consumer of metals to be bullish for commodities, especially iron, coal, moly, tungsten, vanadium, antimony, cobalt etc. All metals or coal which are not traded on LME and which are at or close to all time highs. Some say that 10% growth in a developing country results in 30% increase in metals consumption.

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