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China’s towering metal stockpiles cast economic shadow

Posted on 21 May 2012

When metals warehouses in top consumer China are so full that workers start stockpiling iron ore in granaries and copper in car parks, you know the global economy could be in trouble.
At Qingdao Port, home to one of China’s largest iron ore terminals, hundreds of mounds of iron ore, each as tall as a three-storey building, spill over into an area signposted “grains storage” and almost to the street………………………………………..Full Article: Source

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VRS - who has written 36545 posts on Opalesque Commodities Briefing.


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