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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: RealMuLan who wrote (61413)3/31/2005 7:58:00 PM
From: RealMuLan  Respond to of 74559
 
China's power lights up international tungsten market

By MARY LYNN YOUNG

Thursday, March 31, 2005 Page B2

It's one thing to discuss the China effect, another thing to live it.

The reversal of fortune at North America Tungsten, a small British Columbia mining company, over the past three decades mimics the dramatic highs and lows of a professional wrestling match. But the company's experiences are harbingers in miniature of the future and the potential power of the Chinese economy.

Most economic analyses of China paint a picture of an 800-pound gorilla aggressively gobbling up the world's resources one country or commodity at a time.

The tungsten market, however, may foreshadow how China will act when it is in the driver's seat -- and how that will affect the rest of the world.

theglobeandmail.com