Mining industry is different...you only need so much steel to build buildings and infrastructure. They 'spoil' and corrode over 20-50 years. So, these come in spurts and hence they are very much periodic. Milk is FMCG kind of thing. As long as China keeps producing babies and more and more babies, infant powder demand will sustain. And as long as population keeps growing, milk demand will keep growing. It may eventually (a few years down the track) grow slower, instead of 50%-100% growth for A2 Milk demand, we may then see it regulate down to 10% growth 5-10 years down the track.
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