Miners are blind to China's new reality

Commodities regained some ground overnight but in the long term China's rising minerals demand is not sustainable. If our mining costs stay high our markets will be heading for a fall.

Last night we saw copper and other commodities recover ground because markets believe we are going to see another round of stimulation.

And it is possible the markets will be right but it’s important to understand some of the deeper forces behind the recent declines which have sparked the big fall in mining shares despite this week’s recovery.


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