China bought up tons of mineral rights as well as developed mines all around the world. They built some enormous mines from scratch. Such development takes a decade to pay off. They were probably paying off some of that expense exporting the metals. So not only were they not buying metal from the world markets, they were dumping metal into those markets. Combined, those things tanked the metals prices. That price drop would have dropped their income from those very expensive ventures...
probably a part of their existing problems. I don't know much about China and Oil other than that they buy a lot of oil. Or they used to anyway.
I have been in this stock for a long time have averaged down to around .50. I have thought of trading in and out but have decided against it. I believe in the science and the good doctor has said and shown he cares about the stock holders. TA is good but with this stock PR trumps TA.
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