Tuesday, December 28, 2004


Another Reason To Like Commodities

Dunno how long commodities can stay hot, but, I suspect, a good while yet, given the developing world's demand (esp Inda & China) for them:

China will impose an export tax of 5 per cent on its aluminium exports beginning January 1, to rein in the exports of the energy-intensive products.

And a 2-per-cent rate will be collected on nickel, according to the Ministry of Finance.

The government will impose a tax of 10 per cent on exports of blister copper and scrap copper and 5 per cent on refined copper exports.

The move is designed to curb exports of the energy-intensive metals next year, as China is short of such energy and short of enough power to produce such goods.
Supply and demand speaks.