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 ...
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.
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.
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.
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.
``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
They are buyin’ up the world...
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
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.
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.
Don't need to, but China figures Taiwan belongs to them and it gets their nationalistic dander up that the Taiwanese think differently.
There you go, now you’re thinking like a dominant pack animal!
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.
And now selling it at a higher price?
Aluminum is very prevalent in war machines.
"De-stockpiling", otherwise known as "consuming".
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