Why?
Because the forced drop in demand will allow UMC to hopefully narrow the gap from production to peak and sustained iron ore demand.
At best, China's demand for iron ore will be flat for next year and possibly for the best part of 2010. In reality, China has only just begun its industrial revolution. The current financial crises will only slow, not stop, its progress.
In time, the financial markets will recover, the world economies will recover and China's growth will recover back to double digits. Sadly, the US will recover too, but hey ya can't have everything.....lol
What excites me is that this temporary drop in demand will have a direct impact on the current and near term producers future plans to expand operations. During this time, UMC needs to take advantage of the situation by remaining focussed and striving for production in 2010/11.
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Why?Because the forced drop in demand will allow UMC to...
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