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 ...
Why would they sell off a stockpile of strategic matériel?
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.
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.
If they were preparing for war, they’d be stockpiling aluminum.
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.
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.
Thought so.
Still the question remains, why?
It would help to know if this is a government stockpile or a private hoard.
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.
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.
“old australian cattle dog”
Is that a Kelpie?
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.
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.
So who has the cash to buy them?
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.
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...
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.
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
Nearly identical to an Australian sheppard.
Kid says they both are part Dingo.
I don’t think they will either. Judging from their purchasing, they aren’t expecting much help from the Obama administration.
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