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China: Stalking the World’s Commodities
There are a number of factors driving the record gains in world commodities and materials prices, but no factor is greater than the demand from China. Asia’s most populous country accounts for a rising percentage of worldwide demand in all commodities. To meet its growing consumer and industrial demand, China imports large quantities of gold, platinum, nickel, silver, oil, copper and iron ore. Now is the time to take advantage of the growth opportunities provided by China’s insatiable demand for these commodities and basic materials.
For example, in 2003 Asia consumed 19 million barrels of oil daily, with a population of about 3 billion. By contrast, 285 million Americans consumed 22 million barrels of oil a day, a per capita consumption more than 10 times higher. Led by China—which overtook Japan to become the world’s second-largest oil consumer after the United States—Asia’s demand for oil is growing steadily and should result in higher energy prices going forward.
Not part of prospectus
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