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The Secret Aluminum Shipments That Show China Is De-Stockpiling Its Commodities
The Business Insider ^ | 2-12-2010 | Dave Forest

Posted on 02/12/2010 10:58:29 AM PST by blam

The Secret Aluminum Shipments That Show China Is De-Stockpiling Its Commodities

Dave Forest
Feb. 12, 2010, 1:48 PM

This might be the year's most important news. Which got almost no press globally.

Something strange happened in Japan in December. Shipments of aluminum from Mozambique and Brazil showed up in the northwestern ports of Fushiki and Fukui.

Shipping aluminum to Japan isn't weird. The nation is an important consumer. But shipping South American and African aluminum to northwest Japan is strange.

These are minor ports. Usually such imports would be unloaded on the Pacific side, at Yokohama, Osaka or Nagoya.

Where did this "rogue aluminum" come from? Traders think it might be from China.

When Japanese customs officials receive a shipment, they record the country where the goods originated. Not the country the ship sailed from.

Traders theorize that this aluminum may have come from Brazil and Mozambique via an intermediary port. Shanghai.

It's reported that large aluminum stockpiles have been held at Shanghai ports over the past year. Early in 2009, London Metal Exchange prices were running lower than Shanghai prices. Prompting Chinese traders to import and store large quantities of metal for re-sale.

[snip]

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: aluminum; china; commodities; globaleconomy; markets

1 posted on 02/12/2010 10:58:29 AM PST by blam
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To: blam

Why would they sell off a stockpile of strategic matériel?


2 posted on 02/12/2010 11:01:13 AM PST by null and void (We are now in day 386 of our national holiday from reality. - 0bama really isn't one of US.)
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To: blam

Well one can either be preparing for an economic downturn or prepareing for war.In either case the U.S.Government had better keep an eye on things just in case it turns out to be the latter.


3 posted on 02/12/2010 11:03:00 AM PST by puppypusher
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To: puppypusher

If they are preparing for war I would think they’d stockpile the material in their homeland and not send it to obscure ports in a foreign nation. It’s clearly being stockpiled by someone and not put into production.


4 posted on 02/12/2010 11:05:00 AM PST by henkster (A broken government does not merit full faith and credit.)
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To: puppypusher

If they were preparing for war, they’d be stockpiling aluminum.


5 posted on 02/12/2010 11:05:01 AM PST by USFRIENDINVICTORIA
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To: henkster

It’s called “China needs the money from selling stockpiles of aluminum.” Which is a smart move because China needs all the liquidity it can get right now in case Europe goes into the tank from the PIGGS crisis.


6 posted on 02/12/2010 11:11:45 AM PST by RayChuang88 (FairTax: America's economic cure)
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To: blam

Yea what a dummy I am some how I missed the word Destockpiling in that header.

That’s funny how the eyes work.They just skipped that period.My Error.


7 posted on 02/12/2010 11:14:32 AM PST by puppypusher
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To: puppypusher

Thought so.

Still the question remains, why?

It would help to know if this is a government stockpile or a private hoard.


8 posted on 02/12/2010 11:18:16 AM PST by null and void (We are now in day 386 of our national holiday from reality. - 0bama really isn't one of US.)
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To: puppypusher

puppypusher
I’d bet the farm the Chi-coms feel they are in the drivers seat in its relationship with the U.S.
Specially with the jug eared marxist in the oval office.
Me thinks they are preparing to take back Formosa. And they do not think we will do anything about it.

I read your about page.
Ever deal with a dog you just didn’t like?
The old addage is true.
The more I know people, the more I like my dogs.
1 1/2 year old blond lab and 6 month old australian cattle dog. Neither behave any better than I.
And I can’t keep them out of my pool.
Also thanks for your service in our countries military.


9 posted on 02/12/2010 11:23:25 AM PST by Joe Boucher ((FUBO) Obammy is little more than a quota boy.)
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To: null and void

To come up with cash to buy more U.S. debt after Obama made a backroom deal with them to do so in exchange for __________?

FILL IN THE BLANK:

A promise to look the other way when they attack Taiwan.


10 posted on 02/12/2010 11:24:19 AM PST by anonsquared (TEA PARTY 2010 - THROW 'EM ALL IN THE HARBOR!)
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To: Joe Boucher

“old australian cattle dog”

Is that a Kelpie?


11 posted on 02/12/2010 11:26:56 AM PST by Stat-boy
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To: Joe Boucher

No I never had a dog I didn’t like.I found that dogs are like people in someways and that they have their own personalities.some can be happy,others sad,timid,etc.

But never met one I didn’t like.


12 posted on 02/12/2010 11:27:34 AM PST by puppypusher
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To: null and void

The way I read the artical,I thought the alluminum was the property of the Chinese Government.But then everything is,No matter what people want you to think.China is still a Communist country,although they wear a capitalist mask.


13 posted on 02/12/2010 11:32:08 AM PST by puppypusher
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To: RayChuang88

So who has the cash to buy them?


14 posted on 02/12/2010 11:33:27 AM PST by henkster (A broken government does not merit full faith and credit.)
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To: null and void

Base metals are getting ready to crash in price.

The giant warehouses of the London Metals Exchange around the world are full to the brim.

China knows it and is selling some of their stock at a high price and will buy it back later at half for what they sold it for.


15 posted on 02/12/2010 11:40:27 AM PST by Katoolie
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To: anonsquared

A promise to look the other way when they attack Taiwan.

I think Taiwan, recently purchased billions in war equipment....I dont think TW, will roll over and play dead...


16 posted on 02/12/2010 11:41:42 AM PST by thinking
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To: puppypusher
But never met one I didn’t like.

You never met my sister's dog.

It chased my cat through the bedroom, over the bed and across my face.

This was a couple of hours after it squatted and very deliberately urinated all over my dog's bed.

I came very close to committing doggycide that evening.

17 posted on 02/12/2010 11:42:42 AM PST by Max in Utah (A nation can survive its fools, and even the ambitious. But it cannot survive treason from within.)
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To: puppypusher

That too has been my experience but I like to go to a professional for the real deal answers and as a K-9 handler you are the pro.
Thanks


18 posted on 02/12/2010 11:42:58 AM PST by Joe Boucher ((FUBO) Obammy is little more than a quota boy.)
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To: Stat-boy

Nearly identical to an Australian sheppard.
Kid says they both are part Dingo.


19 posted on 02/12/2010 11:44:08 AM PST by Joe Boucher ((FUBO) Obammy is little more than a quota boy.)
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To: thinking

I don’t think they will either. Judging from their purchasing, they aren’t expecting much help from the Obama administration.


20 posted on 02/12/2010 11:47:27 AM PST by anonsquared (TEA PARTY 2010 - THROW 'EM ALL IN THE HARBOR!)
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To: Max in Utah

Thanks for the laugh.I damn near fell out of my seat I was laughing so badly.I can see why the dog was p.o.’d by the cat.The cat was placing a claim on his bed.

I don’t think I’d like it either.Just visualizing that,man that’s funny.


21 posted on 02/12/2010 11:48:12 AM PST by puppypusher
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To: Joe Boucher

Met a Kelpie and owner a few weeks ago. Seemed like a very smart dog, and come to think of it, did look a bit like a Dingo.


22 posted on 02/12/2010 11:50:43 AM PST by Stat-boy
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To: Max in Utah

Did you invite the other dog into the house or did you allow your dog to?

When another dog comes to visit, take your dog outside to greet the visitor. After they play a bit, let your dog back inside first to show the new dog who is dominant in the house. Always greet OUTSIDE first. The urinating on the bed was a territorial thing.


23 posted on 02/12/2010 11:52:00 AM PST by anonsquared (TEA PARTY 2010 - THROW 'EM ALL IN THE HARBOR!)
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To: Stat-boy

Nova Is samarter than I am.
Heck, she uses my pool, bed, couch, car, like her own and expects meals on time.
BUT she does let me know if a fly is near by.


24 posted on 02/12/2010 11:55:37 AM PST by Joe Boucher ((FUBO) Obammy is little more than a quota boy.)
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To: All

``China is a net importer of copper, bauxite, alumina, nickel, zircon, uranium. China is looking for ways to secure supply of these raw materials.’’

Commodity acquisitions by China would put increasing amounts of the world’s raw materials under control of their biggest consumer and may allow it to influence prices. The investment by Aluminum Corp. of China, or Chinalco as the state-owned entity is known, into Rio may bolster China’s bargaining power to set iron ore prices, China Iron and Steel Association said.
http://www.smh.com.au/business/more-chinese-firms-in-the-hunt-for-mines-20090218-8b4b.html

http://news.bbc.co.uk/2/hi/americas/7460364.stm

http://www.minesandcommunities.org/article.php?a=1800

http://tags.foreignpolicyblogs.com/tag/stanley-ho/

http://www.france24.com/en/20100128-chinese-led-group-formally-signs-iraq-oil-deal

http://sify.com/news/china-iran-sign-oil-deal-news-international-jegusxdedgd.html

http://www.breitbart.com/article.php?id=CNG.65dc69205fefac56a1edd540d2b1790b.321&show_article=1

http://uk.reuters.com/article/idUKTRE53N11620090424

http://paguntaka.org/2009/03/14/china-steel-company-wuhan-plans-to-buy-iron-ore-mines-in-australia-and-cambodia/

They are buyin’ up the world...


25 posted on 02/12/2010 11:55:40 AM PST by Irenic
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To: null and void

It is a hard asset they have converted paper to something tangible
aluminum is cheaper than gold but still valuable.

This is my first post via I phone


26 posted on 02/12/2010 12:02:34 PM PST by bert (K.E. N.P. +12 . Tax the poor. Taxes will give them a stake in society)
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To: thinking
I don't think China needs to invade Taiwan.

I mean, what does Taiwan have that China already doesn't have now anyway? Technology? (That's a laugh considering the vast majority of the world's Blu-ray players come from China and most Apple products are already produced at Hon Hai Precision Industry's gigantic Shenzhen production facility just north of the Hong Kong border.) Money? (That's even more of a laugh considering the Big Four banks in China are way more capitalized than any Taiwanese bank.)

Besides, invading Taiwan is not a simple operation. You'll need hundreds of landing craft and cargo planes, and Taiwan's mountainous terrain can be tough going in wartime.

27 posted on 02/12/2010 12:02:51 PM PST by RayChuang88 (FairTax: America's economic cure)
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To: anonsquared
Did you invite the other dog into the house or did you allow your dog to?

Heck, I barely invited my sister into the house.

The urinating on the bed was a territorial thing.

Figured it was something like that.

If I ever visit my sister's house, I'll pee on her pillow.

28 posted on 02/12/2010 12:04:58 PM PST by Max in Utah (A nation can survive its fools, and even the ambitious. But it cannot survive treason from within.)
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To: RayChuang88
couple reasons for China to invade “Formosa” they see TW as their land, and second China will need a diversion, when the economy starts to run down...
29 posted on 02/12/2010 12:08:50 PM PST by thinking
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To: RayChuang88
I don't think China needs to invade Taiwan.

Don't need to, but China figures Taiwan belongs to them and it gets their nationalistic dander up that the Taiwanese think differently.

30 posted on 02/12/2010 12:09:37 PM PST by Max in Utah (A nation can survive its fools, and even the ambitious. But it cannot survive treason from within.)
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To: Max in Utah

There you go, now you’re thinking like a dominant pack animal!


31 posted on 02/12/2010 12:09:58 PM PST by anonsquared (TEA PARTY 2010 - THROW 'EM ALL IN THE HARBOR!)
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To: Max in Utah
I agree it's more a propaganda thing. Besides, any potential invasion of Taiwan would cost hundreds of billions of dollars in supporting the People's Liberation Army operation. That's money that could be better used as a financial buffer in case Europe goes into the tank.
32 posted on 02/12/2010 12:13:20 PM PST by RayChuang88 (FairTax: America's economic cure)
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To: puppypusher

People can say all they want about China’s strength, but they have to be hurting badly from the downturn in consumer demand. Most container ships floating empty in Asian waters were moving goods from China to the West. Empty container ships mean closed factories, reduced need for raw materials and unemployment.

China has been very politically aggressive in the past year. That may be the mark of a country trying to mask growing economic problems and make external forces the focus of domestic discontent.


33 posted on 02/12/2010 12:19:20 PM PST by MediaMole
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To: Irenic

And now selling it at a higher price?


34 posted on 02/12/2010 12:20:36 PM PST by thefactor (yes, as a matter of fact, i DID only read the excerpt)
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To: puppypusher
...preparing for war...

Aluminum is very prevalent in war machines.

35 posted on 02/12/2010 1:33:52 PM PST by GingisK
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To: blam
LOL!

"De-stockpiling", otherwise known as "consuming".

36 posted on 02/12/2010 1:39:02 PM PST by TChris ("Hello", the politician lied.)
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