China’s dominance in the global commodity markets, in one chart

If you needed any further evidence of how important China is when it comes to the outlook for global commodity prices, this chart surely seals the deal:

China share of global commodity demandMorgan Stanley

From Morgan Stanley, it shows China’s share of total global demand for a variety of major commodities, both now and where it’s projected to sit in the future.

Dominant is probably the most appropriate word to use, with the nation accounting for over 50% of total iron ore, alumina, nickel, thermal coal and thermal coal demand, and over 40% for zinc, copper, lead, zinc, steel and coking coal.

With statistics like that, what happens in the Chinese economy will be felt by commodity producing nations and miners around the world.

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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