China stainless steel mogul fights to avoid a second collapse
A debt crisis is threatening the future of one of the world’s top stainless steel producers, Jiangsu Delong Nickel Industry.
Intierra Resource Intelligence has released updated figures on foreign mining investment levels in China. The Intierra mining database identified that more than 60 companies with primary listings outside of China and Hong Kong have a direct market interest in quoted mineral resources in China. Foreign investments make up approximately $175 billion worth of total Chinese resources at today’s commodity prices. Intierra’s Managing Director, Peter Rossdeutscher, said: “Foreign investment in the Chinese mining sector is an evolving practice. Today, the major foreign investments are in phosphate, gold, coal and silver, but over time as more outside money flows into the market, those commodity rankings will likely alter.”