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Follow
Ian R. Campbell
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Nov 07 08:58 AM
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Are you aware of the purported change in ‘Emerging Market Base Metals Usage from 1995 – 2010?
An article last Friday titled ‘Emerging Markets Hearts Commodities’ (http://goo.gl/ayq6L - paste this URL into your browser) has a chart that purports to show the percentage of global consumption of Aluminum, Copper, Nickel and Zinc in the ‘developing world’.
The chart compares the % of global consumption by the ‘developing world’ of those four base metals in 1995 and 2010.
Reading the chart the approximate %’s are:
(1) aluminum, from 40% to 70%, (2) copper, from 40% to 70%, (3) nickel, from 26% to 53%, and (4) zinc, from 46% to 70%.
An obvious question, which the article does not address, is (assuming the statistics are credible) how much of the usage of each of those four commodity metals are used by the developing countries internally, and how much of the usage of each of those four commodity metals are used in products that end up being sold by the developing country manufacturers to developed country consumers?
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Aluminum
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