China seems to take over the world (lol but not really). The article below with an excerpt and link, supports Peter’s and other views that KMK is likely to be taken over by the Chinese. Why not? They seem to be taking over everything else.
TOKYO (MarketWatch) — China’s building muscle in the commodities markets, aiming to expand its reach far and wide, from the metals mines of Canada and Australia to the oil fields of Venezuela and Brazil, as it works to secure supplies of natural resources for its growing population.
And while its efforts have hit a few roadblocks, China’s been broadly successful — effectively raising the competition bar for the rest of us.
China finds itself “in a situation where they’re projected to have big gains in demand for commodities, while the supply and production of many of those commodities is declining,” said Evan Smith, co-manager of U.S. Global Investors’ Global Resources Fund /quotes/comstock/10r!pspfx (PSPFX 8.42, +0.36, +4.47%).
The nation’s “cross-border deals not only increase their access to precious reserves, but also the likelihood these fields/mines will produce, given the additional capex the deals create.”
http://www.marketwatch.com/story/china-muscles-deeper-into-global-commodity-markets-2009-10-30