"My guess is that the Chinese, Indians and SA have all kicked the coal habit, decided to abandon all growth plans, shut down power plants, go cold turkey & return to using cow dung and fire wood for heating."
Agree - just watched ABC News 24 re: Chinese housing market.
They have a shortfall of 70 million housing units, 10 million will be built in current year and in total around 35 million in the 5 year plan - phenomenal figures to get your head around!!!
Coal and iron ore are definately on the agenda that's why the Chinese are firmly entrenching themselves in Africa.
CCC Price at posting:
21.5¢ Sentiment: None Disclosure: Held
