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Effects of Chinese mineral strategies on the U.S. minerals industry
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Effects of Chinese mineral strategies on the U.S. minerals industry
Effects of Chinese mineral strategies on the U.S. minerals industry
Journal Article

Effects of Chinese mineral strategies on the U.S. minerals industry

2006
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Overview
Chinese consumption now plays a major and increasingly important role in energy and mineral markets for many commodities, such as aluminum, copper, iron and steel, and oil. China and the United States during 2004 (data from U.S. Geological Survey, Central Intelligence Agency, World Bank, International Monetary Fund) (GDP/capita are purchasing power parity basis). The global economic recovery that began in 2003, together with economic growth in China and a widening circle of developing countries, is changing markets in fundamental ways. 1 Trends in production and consumption of mineral materials over time are the result of complex interactions among several factors: stage of national economic development; political events: economic cycles; price fluctuations: unresolved sociopolitical harriers to production; new sources of materials, including recycling; technological and management breakthroughs in mining, processing, or manufacturing; and business practices, ranging from fair and binding contracts backed by law to monopoly, dumping, and corruption.