Exhibit 3 in the piece is a great example of how China has become the main game in town in commodities demand. [May 13, 2009: Commodities - It's China's World, The Rest of Us Just Live in It] For example, China's share in world commodity consumption is as follows
- Cement: 53%
- Iron Ore: 48%
- Coal: 47%
- Steel: 45%
- Aluminum: 41%
- Copper: 38%
- Eggs 37%
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[Jan 26, 2011: Jeremy Grantham GMO 2011 Letter - Pavlov's Bulls]
[Nov 11, 2010: [Video] Jeremy Grantham Speaks]
[Oct 27, 2010: Jeremy Grantham GMO October 2010 Letter - Night of the Living Fed]
[Aug 3, 2010: Jeremy Grantham GMO July 2010 Letter - Summer Essays]
[Apr 26, 2010: Jeremy Grantham GMO April 2010 Letter]
[Jan 26, 2010: Jeremy Grantham GMO January 2010 Letter]
[Oct 27, 2009: Jeremy Grantham GMO October 2009 Letter]