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Thursday, December 04, 2014 11:31:39 AM
...China is committed to building 20+ new reactors. Their western provinces are the last consolidated pool of dirt cheap labor on the planet, an agrarian society where corporate multinationals can pay farmers to come in from the fields and work in factories at rates that are very attractive to shareholders.
I still think this trend is a bit underappreciated by those pricing commodities like U and Cu. Labor is the biggest cost factor in many manufacturing processes, China is committed to growth at all cost, and the plans to power up the rural provincial regions and attract industry are well documented.
In my opinion, it's just a matter of when and who. Regardless, there will be a sustained need for thousands of miles of copper to deliver power to these areas. I do not imagine in my wildest dreams that the bean counters high up in multinational's HR departments aren't planning to exploit western China's unique resources. Indian Labor costs have risen sharply, Russia may be poor enough soon, but geopolitical instability makes them a risky bet for major investment, the rest of the inexpensive labor pools are geographically scattered and thus logistically less desirable.
In short, China needs to power up, Uranium is the first step, copper will distribute the power they generate and will also be a key component in much of their manufacturing process. These things have a way of looking obvious in retrospect, but seeing them in advance can be much more profitable to those who invest wisely.
Go LBSR!
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