Resumen de China's industrial minerals and markets: change is afoot
"China's economy is quite stable but there are still some fundamental issues that need to be resolved," he said. "The new government says it will be the quality of GDP growth that will be more important," he added.
Richard Flook, managing director of Shinagawa Refractories Pty Ltd, agreed that change needed to take place in China, adding that the country has so far been able to exploit its vast mineral reserves for a low cost "but at a high cost to the environment". Inefficient mining, high energy costs and a large but weak market led to an "unsustainable" situation he said.
"The most common mistake for a deal falling apart is that people don't look at life after the deal," he said. "People must always consider a post-deal world".
