By Dejan Pekic BCom DipFP CFP Senior Financial Planner
Update- Chinese Resource Consumption
As discussion rages on in the media about the end of the mining boom we thought we would help put this issue in context by showing you a chart on Chinese copper consumption.
Even if the annual growth rate in China more than halves, they will still require 50% more copper in terms of million of metric tones over the next 15 years from 2010 versus the previous 15 years.
This is the price of industrialisation for not only China but India, Russia and Brazil and the reason why the developed World will eventually be dragged out of the current financial malaise.
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13th-November-2012
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