re: Ann: PanAust Increases 2010 Production Gu... Charlie Aitken or worries of Chinese inflation are just meaningless sideshows IMO.
The true story is the continued unabated urbanisation of China, and real growth in demand for Copper which is running at around 4%pa CAGR.
China currently has an urbanisation rate of 45%, compared to the world average of 49% or developed country average of 70%+.
Its this growth in urbanisation and the secondary drivers that flow from it that will continue to drive demand growth in base metals.
Combine this with the supply side pressure of decreasing grades in the world's largest mines, and the incresed cost of bringing new mines into production.
Great announcement by PNA yesterday, PK is now producing a steady stream of cash that can be applied to growth initiatives.
re: Ann: PanAust Increases 2010 Production Gu... Charlie Aitken...
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