HAW 0.00% 5.3¢ hawthorn resources limited

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  1. 3,371 Posts.
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    Hindamar

    Some analysts have predicted that an increase to the value of Chinese currency will make Chinese export product less competitive in foreign markets thus requiring less iron ore, but increasing the value of Chinese currency means that China can buy commodities/mining assets cheaper as a means of supplying the National Urbanization program with cheaper building products!

    The Chinese economy could move from export based to a domestic based economy requiring just as much iron ore as before, this is why I'm still buying mining stock.

    All in my opinion.
 
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