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RAW-MATERIALS

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"The Story of Stuff"

A couple days ago, the NY Times published a so-so article about a "green" movie now showing in classrooms all over the US. The article is at:

Investors shun Greek debt as shipping crisis deepens
Source: Telegraph

The Baltic Dry Index measuring rates for coal, iron ore, and grains, and other dry goods plummeted below 1000 yesterday, down 92pc since peaking in June.

China Buys Copper Mountain From Peru at 95%Discount
Source: BBC News

China buys a mountain of copper at a 95% discount... plus plenty of iron. The Chinese are looking ahead and buying it all. Worth a look and a bit scarey for Canada and the USA. This is the reality of the present and the future.

China | The new colonialists
Source: The Economist

THERE is no exaggerating China's hunger for commodities. The country accounts for about a fifth of the world's population, yet it gobbles up more than half of the world's pork, half of its cement, a third of its steel and over a quarter of its aluminium.

Inflation from China?

I have been reading a few comments lately about how inflation in China, running quite high in the 7% range, is not causing inflation in the US. Paul Krugman made this point and points to a WSJ commentary that does the same on his blog.

Rio Tinto predicts political strife as China's appetite for raw materials grows
Source: The Times

America will soon have to contend with a Chinese military that wants to increase its control over the sourcing, transport and production of the world's key raw materials.

A World Consumed by Guilt
Source: The New York Times

LET us set aside the clichés about green fashion, ye cynical Kermits, and presume that everyone is now on board with saving the world by doing our holiday shopping at Barneys, where even the window displays promote eco-friendly clothing.

Raw material prices rise sharply
Source: Guardian Unlimited

It is not only oil prices that are rising. it is the prices of all raw materials.

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