| As we asked last week, will China be the driver of commodities demand it was in the last decade? The process of urbanization, in which hundreds of millions have moved to cities from the countryside, has been a big driver of the commodities super-cycle in the past ten years, particularly for materials like iron ore, steel and cement, but also copper and aluminum.
The pace of migration, though, has begun to level off and the FT quotes Macquarie Bank, which forecast that China’s steel demand could peak between 2020 and 2025...............................................Full Article: Source
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