Saturday, October 13, 2007

Brazil's Booming Mining Industry

From Forbes:

The mining industry anticipates that $28 billion will be invested on equipment alone in Brazil during the next four years. Demand for Brazil's abundant minerals, notably iron ore and bauxite, have been increasing far faster than the historic rate during the past five years, largely due to the rapid growth of the Chinese economy. With demand stronger than supply, the price of iron ore has quadrupled in the past five years....MORE