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.
Philip Klapwijk, an executive of Precious Metals Consultancy GFMS Ltd., said on November 8 that China’s gold demand will increase 1% to about 860 metric tons in 2012, which will ensure it is the largest gold consumer in the world instead of India.
Source (Chinese): Fx678 via BrightWire News.
