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1.Market Observations, 8.Was Sticky

5 Oct 2018 (AFR) – China’s ‘Marshall Plan’ a gift to copper miners

(5 October 2018, AFR, p30, by Matthew Stevens)

‘The copper market’s long expected drift into supply deficit is likely to be hurried by China’s One Belt, One Road projects with BHP now forecasting that the opening rounds of the fabulously ambitious initiative will add the equivalent of 7 per cent of 2017 demand. In its latest “episode” of BHP’s blog on the Belt and Road Initiative (BRI), the world’s biggest diversified resources house predicts that China’s plan to link the economies of 115 countries through road, rail and port infrastructure will inspire investment of $US1.3 trillion ($1.8 trillion) with some $US260 billion of that being directed at more that 100 new power projects.’

Read more at AFR.com (might need AFR access, or try: AFR.com/trial)

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