Dryblower and the return of inflation as a metal-price driver

METAL prices are rising after their mid-year slump and they could go a lot higher according to Dryblower’s analysis of the unexpected optimism shown last week by the world’s top mining company executives.

Dryblower and the return of inflation as a metal-price driver Dryblower and the return of inflation as a metal-price driver Dryblower and the return of inflation as a metal-price driver Dryblower and the return of inflation as a metal-price driver Dryblower and the return of inflation as a metal-price driver

Rio Tinto boss, Jean-Sebastien Jacques, helped trigger speculation about prices being higher for longer when he came close to mimicking the famous Harley Davidson slogan, Deus Ex Machina (God in a machine) when talking about Chinese demand for commodities.

China, J-S said, was still a commodities sponge despite its trade war with the US or, in his words: "The Chinese machine is still working very well."

The ancient Greeks also had a machine that worked well in the theatre where they invented the "God Machine", a device which miraculously lowered God onto the stage to resolve a riddle, or solve a murder.

In a mining context it is China which is playing the role of God, raising metal prices at a time where there didn't seem to be a solution to the trade war sell...