RE: China sets 15-year transport expansion plan as it seeks to double size of economy by 203528 Feb 2021 14:20
From the various comments...
I agree the current price is irrelevant, however, the long-term price is, and the current price has a bearing on the longer-term price.
China doubling its economy by 2035 is massive, and exponential, as the demand for steel will not just double, but maybe much much more than that as the effects ripple out to other countries, and it will require a lot of infrastructure to bring up parts of the country that are rural backwaters. They will also have to invest in other countries to make the plan happen, belt and road, and strategic resources like Zanaga. Other advanced economies may also start looking at basic commodities from a strategic/National Security point of view, given America is becoming ever more protectionist.
Add in the post covid stimulus from other advanced economies and I have zero doubt we are at the start of a commodities supercycle.
This really is THE most opportune time to invest in ZIOC, because it is before anything happens at the time when there is most likely to be something happen in the short to medium term.
Never any guarantees, but the reward multiples stack up to make it worthwhile dropping a reasonable amount of cash in here IMO.
No doubt preaching to the converted, buy what the hell.
Aberdeenman