It also seems T4 that the Chinese have finally learnt the Japanese lesson in that if you create massive growth you create a massive surplus which allows you to buy others debt and effectively control that economy as they are doing with the US now.
But getting back to China,the implications of what the Chinese are trying to achieve in the near to medium term are truly mindboggling,IF TRUE.
To shift a major proportion of the countries population into the cities will still take around 10% year on year growth for a minimum 10 years.I certainly hope the miners start finding resources in other countries otherwise Australia will become literally a hole in the ground.One hopes that we have the sense to utilise this wealth constructively and create indistries that are sustainable once our hole in the ground status disappears for the sake of our future generations.
Oh and heres the rub for us investment-wise.Perhaps one should be looking to miners that now have a foothold in underdeveloped mining regions such as Africa,if you have a longer term investment perspective.
Companies like Anvil(and I dont hold any),who has first mover status in the DRC,should do exceptionally well IF they can remain as a separate entity.My opinion is that one day,when Bill Turners had enough,First Quantum will probably take them out and this will be the norm in Africa in 10 years.
d.
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Last
$70.86 |
Change
0.660(0.94%) |
Mkt cap ! $13.76B |
Open | High | Low | Value | Volume |
$70.72 | $71.17 | $70.21 | $19.07M | 269.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1 | $70.80 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$71.10 | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1 | 70.800 |
3 | 328 | 70.760 |
1 | 1031 | 70.750 |
1 | 369 | 70.710 |
1 | 8 | 70.700 |
Price($) | Vol. | No. |
---|---|---|
71.100 | 1000 | 1 |
71.110 | 1021 | 3 |
71.130 | 130 | 1 |
71.150 | 585 | 2 |
71.170 | 21 | 1 |
Last trade - 16.10pm 15/07/2025 (20 minute delay) ? |
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