Column: China’s commodity import trend driven by prices, not economy
China's imports of major commodities are often viewed through the prism of the performance of, and outlook for, the world's second-biggest economy.
Sampling by Aussie miner Marmoa Energy (ASX:MEU) at its Durkin copper-nickel prospect in South Australia has uncovered larger amounts of high grade ore than previously reported.
According to Proactive Investors grades as high as 2,050 parts per million (0.2%) copper have been obtained, while multiple sites have returned assays in excess of 1,000 parts per million copper.
The fresh results boost the outlook for copper-nickel mineralization in the area, and the company has already submitted a drilling proposal for approval from regulators.
