RE:RE:RE:China Sinks $10 billion into South AfricaThe difference between China and the West is that the Chinese take a long term view. They are willing to invest when metals prices are low, while Western investors only buy when prices are high, and the commodity scarce. We were able to get away with this inefficient approach to resources for 150 years because industrial scale metals consumption was strictly limited to Western nations. We're still acting as if we have an exclusive monopoly over supply/demand. There will come a point as prices rise, where China will have cornered the market in prime mineral real estate. We'll be playing catch up, with few higher grade projects to show for it. It's like a gold rush where the first ones in stake the best claims, and latecomers end up with nothing. The gold rush in resources is on, but we in the West still don't recognize the danger of running short on basic commodities. It's a major strategic blunder. Sparta defeated Athens when they cut off their corn supply. Shortage of a basic commodity defeated Athens, not inferior performance on the battlefield.