I’ve focused mostly on civil aviation. But there is also defense spending. In the Middle East, defense spending will probably rise to more than $100 billion by 2014, from only $36 billion now…
March 5th, 2010 | Chris Mayer | 5 comments | ContinuedAll Posts Tagged With: "titanium"
China Has Stopped Stockpiling Metals
There are several components of demand. There’s real economic demand (you need the stuff to make other stuff). There is investment demand (you’re buying it in order to make a profit from what you think the price trend is. There is also pure speculation, and it’s possible that some middle-men were flat-out speculating by buying alongside China’s State Reserve Bureau (sort of like the banks and brokers in the U.S. buying Treasuries ahead of the Fed late last year to improve Q4 earnings).
July 1st, 2009 | Dan Denning | 1 comment | Continued