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Commodities Briefing - Categorized | Metals and Minerals, Trends more

China changes positive for metals

Posted on 13 November 2012

China is the largest consumer of commodities in the world – so this week’s changes at its top table matter to miners, metal traders and investors. At the 18th Chinese Communist Party Congress a once-a-decade leadership change is about to take place. Later this week, the 25-member Politburo will be selected, with the all-powerful Politburo Standing Committee chosen from its ranks.
Xi Jinping, the current vice-president, is expected to become China’s next president and Communist Party chief, as current leader Hu Jintao steps down. The changes could be good for commodity demand – with its new leaders keen to issue impressive economic numbers to get their 10-year reign off to a flying start. Indeed, the positive numbers have already started………………………………………..Full Article: Source


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