100% - this is the reason I'm extremely bullish on commodities long term and a topic many analysts neglect. The rate which third world countries are developing is astonishing. It's economics 101 that as income increases, and as fundamental needs are met, discretionary spending increases substantially.
For reference, over the next 5 years, the Indian GDP per capita is expected to increase from $2515 to $3769 USD; an increase of ~50%. This may effectively double India's current discretionary spending capability; as citizens purchase the likes of smart phones, televisions, air-conditioning, motorcycles and cars.
Should this double the per-capita consumption of copper; we're looking at an additional 840,000 tonnes of demand per year. And this additional demand is from India alone.
100% - this is the reason I'm extremely bullish on commodities...
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Mkt cap ! $67.08M | |||
| Open | High | Low | Value | Volume |
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