Update China ferro metal 11May stimula plan

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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bernardho

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Update China ferro metal 11May stimula plan

posted on May 11, 2009 06:34AM

Today, the China central government published the stimulus plan towards ferrometal industry.

the following are the highlights that may benefits our ROF investors.

2008 produce in China consume in China

Total 2520 mil tonne 2517 mil ton

of the most important 5 metals

Metal % produced with the world % consumed compared with the world

CU 20% 27%

Aluminum 32% 32%

Lead 37.8% 35.7%

ZN 33% 31.7%

Ni 9.5% 23%

Nothing on CR... but one will understand the CU and NI is the essential metals that China will import..

Besides encouraging recycling, phasing out obsolete industry, stop invest in Aluminum plant ..the stimuli plan 3 #5 and Plan 4 # 6, encourage invest/JV outside China.

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