Welcome To The Spider Resources HUB On AGORACOM

First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

Free
Message: Article in The Economist

Article in The Economist

posted on Mar 22, 2010 12:09AM

There's an interesting artilce in The Economist (March 13-19) on page 34 (Alabama's Economy). I believe it's pertinent to SPQ, KWG, the ROF, and Cliffs. Here's the first paragraph found in the article:

"Tucked between the Tombigbee river and a rural highway meandering north from Mobile sits a warren of huge buildings in Willy Wonka-colors: sea-foam blue and green, desert beige and mauve.Though they look like a modern-art installation, in fact they comprise a new steel mill being built by ThyssenKrupp, a German company.According to ThyssenKrupp the $3.7 billion mill represent the largest German investment in America ever.When it reaches full capacity in 2012, it will employ 2,700 workers and produce some 5.1m tons of carbon and stainless steel per year."

Looks like Germany is betting on a stronger US economy going forward. I wonder who's going to supply ThyssenKrupp with chromite?

Snug

Share
New Message
Please login to post a reply