Shares in mining and trading company Glencore fell almost 30% and closed at a record low on Monday over concerns it is not doing enough to cut its debt to withstand a prolonged fall in global metals prices.
China has recently revealed the size of its copper inventories – and they scared the hell out of investors when they did it. Do you think China might have an interest in inflating the size of its stockpiles to push prices down?
While it might not look like it now, the most investable trend over the next 20 years is going to be in the resource sector, the renewable and non-renewable resources, the minerals, ores, fossil fuels and biomass.
Complicated more expensive extraction of metals from increasingly harder to find, lower grade ore bodies in almost inaccessible and hostile parts of the world is going to affect our lifestyles. What changes are we going to have to make as nature dictates lifestyles and aspirations?