Visualizing China’s dominance in rare earth metals
Graphic from CSIS China Power Project tracks China’s exports in 2019, providing a glimpse of the country’s dominating presence in the global supply chain.
The slump in the gold price that has occurred in recent months shows no signs of letting up, and the latest import data from China will not give any joy to gold bugs.
Iron ore is the lifeblood of industrial development with China’s ‘build it and they will come’ policy driving prices to a high of over $180 per tonne in 2011. Flash forward and iron ore prices have slumped to break below $80 per tonne, the lowest level in 5-years.