The first of many steps to transition the West's dependence away from the Chinese Communist regime. India, one of our great Allies, will undoubtedly be fed Australia's raw resources and subsequently boom. Made in China will slowly fade and become Made in India.
Furthermore, as the global middle class continuously emerges due to economic growth, what impact will that have on Copper Demand?What if someone who once relied on a bicycle or public transport; dreams of owning the luxury of a car? And what if that car's electric? What about going from wood-fired ovens to fully electric households?
With increased earnings, comes increased discretionary spending; there's almost an endless supply of different electric goods to spend excess money on and improve the quality of life..
If you want to take a look at what effect the Chinese economic boom had on global commodity prices; click here.
Now which direction do you think India's heading...
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