01.11.2013 - Investors tap metals as gateway to China
Investors seeking exposure to good news about China’s economy are striking where it’s hot—in iron-ore and copper markets. Long considered to be one of the most direct ways to bet on Chinese economic growth, prices of these industrial commodities have risen in recent months amid a flurry of positive signals out of the world’s second-biggest economy. These indicators have dovetailed with a ramp-up of Chinese demand for the commodities. China’s imports of iron ore soared to a record 74.6 million metric tons in September, according to the latest available data from China’s General Administration of Customs. That has pushed prices up nearly 20% since May, to about $131 a ton, according to data provider the Steel Index.........................Full Article: Source
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