We have posted a new Hot Topic opinion question today concerning your company’s capital spending plans. Tell us what effect low metals prices will have on next year’s budget. Some plans must go forward for projects in the development stage. Some budgets may be trimmed a little or a lot. And some of our readers will see spending plans evaporate completely.To submit your response, please Click Here.
As to our question regarding the CHINESE ECONOMY, the results have been enlightening. The question remained on our website for two weeks and drew 73 responses. During the first week, those thinking the Chinese economy will pick up within a year were the majority. During the second week, those thinking recovery will take 18 to 24 months became the most numerous. The final tally was 33% guessing it will recover within a year, 49% within 18 to 24 months, and 18% not for three years or more.