Shortfall of metals risks China's rise

Hold tight, it's going to be another belter of a year for metals. In fact, so critical is the supply situation, according to one local analyst, that China's growth could be compromised because it cannot get its hands on enough raw materials.

Eagle Research analyst Keith Goode warned clients in a research note that they stood to lose money if they made the wrong call on China. "The main potential restriction to China's growth appears to be insufficient raw materials in the world," he said. Even with new mines coming into production, Mr Goode sees metal shortages increasing over the next few years.

He cites some places where these metals will be needed: another 110 civil airports in China over the next 10 years, $US42 billion ($55.7 billion) being invested to build 6000km of new railway lines and, by 2015, there will be 35,000km of tolled motorways. China now consumes 48% of the world's cement and 20% of its copper.

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