"China rigged the metals game"Off topic but I 100% agree.Post...

"China rigged the metals game"

Off topic but I 100% agree.

Post the run up to the Beijing Olympics, the Chinese have very aggressively and intentionally moved up the material supply change and learnt being a price taker is not nearly as good as being a price maker...

Its kind of shit long term I feel for commodities pricing with the Chinese practically owning Africa now and securing their long term supply of materials that they once reluctantly procured (like everyone who is left still manufacturing) on the "open markets". Now the producers of these commodities are partly or fully state owned Chinese enterprises selling to other partly or fully state owned manufactures in deals no one really knows pricing, terms etc

Trying to game out how things could change this paradigm to help ex-China producers in the future like:

• the potential of reshoring manufacture in the west ex-china demand...... Highly doubt this will meaningfully happen as no one in the West likes paying more for goods and the regulation BS to do business there.
• biafectaction of supply change through government regulation changes like tariffs.......maybe? Lets see how Trump goes
• Chinese get booted by their Africans/SM partners in favor of the West through political change leaving China very exposed.....Its kind of whats happening to Barrick and RSG in Mali but the reverse with the Russian/Chinese looking to take these assets to run for the Mali Junta.

If you have any good sources of commentary on this topic, books to read or people to follow please share.

And yes John Prineas is the most useless individual on the ASX IMHO and their is some very tough competition. He needs to piss off, get someone in who actually knows what they are doing and maybe BMG will achieve a fair valuation.