Investors are keeping a keen eye on China this week as the world’s second-biggest economy gears up for its Third Plenum of the Communist Party. The summit of China’s leaders is expected to deliver some of the biggest reforms for the country in 35 years.
China is the one of the world’s biggest producers and consumers for a range of commodities. In ranks number one in the steel and coal industry, according to the World Coal Association, as well as in iron ore, according to the U.S. Geological Survey. The Copper Development Association state it’s the world’s second biggest producer of copper, behind Chile. Commodities are a big deal for the biggest population on the planet, and prices have risen in the last 10 years with China the underlying driver of this “super-cycle”.