iron
’Attention Frank Timis! Warzone investment opportunity awaits
International commodity explorers – send for your tin hats and Kevlar vests.
The New York Times reported on Sunday that the US has discovered nearly $1,000bn in untapped mineral deposits in Afghanistan.
A bad week for China’s facts and figures
One never really knows when it comes to the veracity of supposed “facts” in China, though China-watchers can usually guess when a supposed “error” or misunderstanding is deliberate or genuine.
But few clues emerge from developments in the past week,
Lex: Hudunit
China’s heavy-handed tactics in arresting Stern Hu, Rio Tinto’s top iron ore executive in China, have done it no favours, but the effect on iron ore prices is still unclear.
The wider impact, meanwhile,
Quote du jour, China’s fake recovery edition
On the matter of China’s rampant April commodity purchases, interpreted by some as a recovery signal, Shan Shanghua, secretary general of the China Iron and Steel Association told Chinese media on Wednesday:
