china is building a city the size of Brisbane every month. even if this slows a little, they will never get enough raw material like iron ore and coal for up to another decade. The Chinese agreed to a 30% up front price increase in iron ore alone and coal is expected to rise by about 40% in 08. if this is china meetings its building needs, then i hope they really meet their needs.,
What about India? Europe? and the rest of Asia?
The PE ratios are dropping and all that will do is drive more take overs.
Its funny how we saw RIO trading at $100 before the take over and now people wont sell it for $130? What would RIO be trading at without this bid? $100?
look for the good resource stocks.., page-8
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