"Senior Chinese officials are pushing for regulations to boost the amount of steel used in new housing as a way to absorb excess supply exacerbated by a slowdown in the world’s second-biggest economy.
In a closed-door gathering of more than 300 Communist Party leaders in Beijing in October, Chongqing Mayor Huang Qifan proposed tripling the amount of steel used in construction, according to a person with knowledge of the matter. He argued that using 150 kilograms (330 pounds) of steel per square meter, compared to about 50 kilograms now, would ease overcapacity and improve housing quality, said the person, who asked not to be named because the discussions were private."
As opposed to batteries, insulation and solar which are medium to long term stories. This would dramatically increase demand for refractory-grade graphite in the shortterm if the Chinese go through with it and could be a significant catalyst for sentiment change towards graphite miners (and hence Kibaran).
This is a left-field development that's worth keeping an eye on.
KNL Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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