China Plans for Its Competitive Future With Mining Asset Drive

China now produces not only (already) half of the world’s steel but also some 53% of all of the metals produced in the world. By 2012, China will produce more than 60% of the world’s steel, an amount that in 2012, is expected to exceed 700,000,000 metric tons. That's between 7 and 8 times as much steel as the USA is expected to produce in 2012!