"Pricing power" was again one of the hot topics at this year's LME Asia Metals Seminar on Tuesday May 25, with several panelists talking about China's position in the global base metals markets.
The East Asian country is the world's major consumer of many commodities, notably base metals, and it should have more pricing power, panelists said, with the global commodity pricing center shifting gradually toward China."China has already become the major driver of global consumption," Xianjun Wen, former vice chairman of China's Nonferrous Metals...