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2006-05-21 China-Japan-Koreas

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Posted by john 2006-05-21 18:39|| || Front Page|| [8 views since 2007-05-07] Top

#1 Economic Superpower huh?

Posted by john 2006-05-21 19:31|| 2006-05-21 19:31|| Front Page Top

#2 China was hoping to use what it felt was its monopsony power as a big buyer of commodities to get a better price than other buyers in the market. It should be interesting to see if they succeed in doing so. At the same time, Chinese companies need the stuff. They can't function without it. Iron ore producers can idle some of their capacity without bringing everything to a halt. My feeling is that the Chinese will have to cave or bring their economy to a halt.

Posted by Zhang Fei 2006-05-21 19:54|| http://timurileng.blogspot.com]">[http://timurileng.blogspot.com] 2006-05-21 19:54|| Front Page Top

#3 Non-renewal commodity dependence can really be a back breaker, especially with metals. In the US, the metal markets have been totally controlled by insiders for many years. Insiders who rigidly control production and price. The US government encourages them to do this specifically to prevent situations like this.

Metals and non-metal ores not produced in the US in quantity are always under intense observation, and appropriate strategic stockpiles are always maintained.

It is good to remember the tale of Nelson Bunker Hunt (wikipedia).

Posted by Anonymoose 2006-05-21 20:44|| 2006-05-21 20:44|| Front Page Top

#4 As I suggested in the third part of my series on China, What the Future May hold, the Russian Far Est will be their target.

Russian Far East, Chinas Land of Plenty

Posted by Chuck Simmins">Chuck Simmins 2006-05-21 21:31|| http://blog.simmins.org]">[http://blog.simmins.org] 2006-05-21 21:31|| Front Page Top

#5 I agree chuck. And in twenty years, there won't be enough Russians left to stop them.

Posted by DarthVader 2006-05-21 23:19|| 2006-05-21 23:19|| Front Page Top

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