Ivanhoe Mines Ltd. T.IVN

Now the bad news - China is facing a massive oversupply

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"While most countries around the world continue to grapple with inflation, or rising consumer prices, China has entered a period of deflation, with consumer prices falling in January of this year at the fastest pace since the 2008-09 financial crisis.
 
The deflation is largely being blamed on an oversupply of commodities ranging from agriculture products to energy and metals in the nation of 1.4 billion people.
 
Due to abundant supplies, prices for agriculture goods in China plunged 5.9% year-over-year in January, with pork and grain prices registering the steepest declines.
At the same time, record imports of coal and oil heading into the winter months have left China's energy market oversupplied.
 
Warmer weather and weak industrial output have left the country with a glut of coal, oil and natural gas, according to government data.
 
As the world's largest importer of crude oil, the current situation in China threatens to impact energy prices in coming weeks and months.
 
Metals are also problematic with a 16-month price slump for most industrial metals, including those used in Electric Vehicle manufacturers such as China based NioInc (NYSE: NIO), hurting exports from China and leading to oversupply."

China Struggles With Commodities Oversupply (msn.com)

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