wren Posted September 11, 2009 Report Share Posted September 11, 2009 It looks like metals demand from China might drop considerably next year. Miners warned to brace for pain as demand slows Sarah-Jane Tasker | September 12, 2009 AUSTRALIAN miners should brace for further pain next year and not bank on being pulled along by China's robust economy, as the Asian giant's hunger for commodities begins to slow. Michael Jansen, JPMorgan's head of commodities research, said the potential for disappointment on China's increasing demand aiding a full recovery in the mining sector was "huge". "A large part of the capacity utilisation recovery in China is built on access to cheap money and widely available money, and that isn't going to be the situation throughout 2010," he said in an exclusive interview with The Weekend Australian. "Next year, the ability to finance all that importing and general pipeline activity is going to be a lot less evident." http://www.theaustralian.news.com.au/busin...7-36418,00.html Could this adversely affect miners' stock prices? Link to comment Share on other sites More sharing options...
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