China

From an article called "The Era of China" by Sprott Asset Management:

“China will have built almost
one quarter of the railways that, up until now, it has ever built in its history. This is a massive
project that will require massive amounts of steel and other commodities. China has also
announced a 6500 km pipeline to be completed by 2010. This will be double the length of their
longest pipeline currently, and will require massive amounts of stainless steel; i.e. nickel and
molybdenum.”

“50% of China’s copper consumption currently goes toward power generation and transmission.
It is little wonder, therefore, that China’s copper consumption continues to grow north of 10%
every year.”

“As far as copper is
concerned, China is clearly king. In fact, just the growth in Chinese copper demand is greater
than all the copper that will be used in US housing this year.“

“China recently overtook Japan as the second largest auto market in the world and, if it
continues to grow 30% as it did last year, it won’t be long before it is the world’s largest auto
market. But 90% of all cars in China are bought with cash.”

Incredible.

http://www.sprott.com/pdf/marketsataglance/04-2007.pdf