"In December, economists with UBS bank tallied some $65 billion in announced construction of new plants related to cheaper natural gas, and said another 11 plants had been announced worth billions more."
The US is forecast to more than double it's REO consumption over the next 3 years to rapidly outstrip Japan as the largest ROW market. News like this will not only create new business but drawn back many of the OEM's that are now battling higher costs in China.
Impact will obviously also have a very positive flow on effect into the world's largest consumer market.
This is the real news that will have the SP $2+ sometime next year.
LYC Price at posting:
59.5¢ Sentiment: LT Buy Disclosure: Held
