Zhou Central: Liquidity spread to commodity price inflation

"Caijing reporter Zhang Qian" November 17, Minmetals Group President Zhou Zhengji at the 2010 International Mining Conference, said that the current commodity finance is clear, as long as liquidity rampant commodity prices will rise, and vice versa. He believes that financial commodities will damage the international mineral industry.　　He suggested that governments should come up with tough policies to curb the financial trends in the mineral sector and commodities.　　However, Zhou Central believes that, although the commodity hype is obvious, but the future global mineral resources supply and demand contradictions will gradually be eased. He takes iron ore as an example, the supply side, the future domestic and foreign iron ores production will increase greatly. "Domestic iron ore production will reach 1.3 billion tons, and new reserves of 5 billion tons."　　At the same time, including the three major mines, there are large-scale expansion plans.　　Zhou Central said that the domestic elimination of backward productivity significantly, Hebei, Shandong, Guangxi and other end of the elimination of backward production capacity tasks, the structure of steel industry optimization, iron and steel industry scale further reasonable. (Network editor Deng Meiling)