Comments on: Base Metals To Soar On Global Stimulus Program http://www.contrarianprofits.com/articles/base-metals-to-soar-on-global-stimulus-program/8323 Access market-beating ideas from the world's top investment gurus on stock market investing, the gold market, ETFs, Forex trading and real estate values. Tue, 24 Nov 2009 15:08:08 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: Elena Morozova http://www.contrarianprofits.com/articles/base-metals-to-soar-on-global-stimulus-program/8323/comment-page-1#comment-6867 Elena Morozova Mon, 17 Nov 2008 12:39:33 +0000 http://www.contrarianprofits.com/?p=8323#comment-6867 I agree with the argument in your article. China has taken the right decision here both for its own economy and for the rest of the world. As a country which is in the top two for copper consumption, and as it states that infrastructure is a major component of its $586 billion stimulus package, copper and the other <a href="http://www.commodity-trading-today.com/base-metals.html" rel="nofollow">base metals</a> such as aluminium will certainly benefit. A few months ago a Rio Tinto seminar entitled "Growth and Value" showed how over the next decade or so the company will see a doubling of demand for its core products, namely iron ore, aluminium and copper. One of the top reasons it said was the signifcant growth in urbanisation in mainland China, where the rate of growth of infrastructure development would be highr than overall GDP growth. Certainly the major miners such as Rio Tinto and BHP Billiton will do well as the global economy pulls out of the present slmp. And copper as a commodity will certainly benefit, as its price has suffered in recent months, providing a great buying opportunity. I agree with the argument in your article. China has taken the right decision here both for its own economy and for the rest of the world. As a country which is in the top two for copper consumption, and as it states that infrastructure is a major component of its $586 billion stimulus package, copper and the other base metals such as aluminium will certainly benefit.

A few months ago a Rio Tinto seminar entitled “Growth and Value” showed how over the next decade or so the company will see a doubling of demand for its core products, namely iron ore, aluminium and copper. One of the top reasons it said was the signifcant growth in urbanisation in mainland China, where the rate of growth of infrastructure development would be highr than overall GDP growth.

Certainly the major miners such as Rio Tinto and BHP Billiton will do well as the global economy pulls out of the present slmp. And copper as a commodity will certainly benefit, as its price has suffered in recent months, providing a great buying opportunity.

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