You read that right. The Project Of The Century. You haven’t heard of it, because it’s happening in Asia.
BHP says this will add 150 tons to global steel demand and quite possibly trigger broad commodity demand as investment flows into cities along the routes. (of course they would)
This is something to keep in mind as the Steel ETF SLX is down 20%+ from the February highs. All of these infrastructure commodities have been slaughtered lately. It’s easy to just write them off due to relative weakness, but they’re worth watching for positive technical developments.
Link: One Belt One Road