22.11.2010 - China’s forgotten power in commodities markets
From Efinancialnews.com: The recent focus on China as an exporter of rare earth metals highlights an extremely important fact which is often missed, lost or forgotten: China is the world’s largest commodity producer. This year, China’s production of natural resources will likely exceed $700bn at international prices, surpassing the US and Russia by 10% and 25% respectively. And this does not even include midstream or upstream activities, such as oil refining, steel or aluminium smelting, where it is a large exporter with upwards of 50% of global capacity..............................................Full Article: Source
Print