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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: maxncompany who wrote (24297)11/3/2006 2:47:32 PM
From: koan  Respond to of 78419
 
I saw that too max--good eye and great response!


Mulan: "Per capita consumption of commodities in China will never catch up with the West. "

Max: "Geeeeze. Not only is no one is saying that it will, but it's likely physically imposssible to produce enough metal for that to happen. It's that the per capita consumption in China is starting from such a low point, and there are so many Chinese, metal consumption is likely going higher from here."



To: maxncompany who wrote (24297)11/3/2006 3:17:11 PM
From: Mr. Aloha  Respond to of 78419
 
As a Yale study shows, there's not enough metal in the world for everyone to catch up to the West's per capita consumption of metals:

sciam.com

The point is, demand for zinc and some other metals doesn't even need to grow very much -- even at current demand levels, there won't be enough supply because of the dearth of new projects while reserves get depleted and old mines close. The growing demand intensifies and accelerates the crisis situation.