"Glencore last week became the flag-bearer for a revival in metal prices."

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valuepro

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"Glencore last week became the flag-bearer for a revival in metal prices."

posted on Oct 14, 2015 10:42AM

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http://www.mineweb.com/news/base-metals-and-minerals/its-glencore-versus-goldman-in-metals-as-miners-cut-production/

I'd like to add here that many analysts are missing something when they point to falling imports/exports in China, and a lower demand for everything there as a sign of more bad times ahead for miners. That something is that China has a planned economy. They are intentionally shifting from being an export-driven economy to one that is consumer-driven.

This means they want more of their people buying smaller domestically products as opposed to relying on growth though manufacturing bulk products for export. This means some "distruptions" for markets in the meantime.

As I heard Robert Friedland say long ago, "There is barely enough copper on the planet to supply everyone in China who wants an air conditioner."

Liberty Star Uranium & Metals Corp.

"Glencore last week became the flag-bearer for a revival in metal prices."