Phone up a plumber and ask him if there's no copper pipe in a new house. When he's finished laughing at you - you'll have the correct answer.
Although new home building in the US has gone down the tubes, I can think of a country with double the population of the US that is building houses/factories/apartments at a rate of 1xAustralia per year.
That's right - the equivalent of 1 Australia every year.
Now you know why I own a crap load of iron ore stocks.
A few people tell me the Chinese build quality is poor.. which is even better.. because they'll need even more materials to rebuild when the buildings fall down.
Joel
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