|
pencilvanian
1000+ Penny Miser Member
USA
2209 Posts |
 Posted - 03/16/2007 : 18:20:22
|
You must be logged in to see this link.
Where is America's place in the world?
By Frank Holmes
Excerpt, concerns metals
"We have seen several governments in developing countries begin to change policies toward international mining companies.
This could have a profound effect on the United States, which imports 100 percent of its alumina and manganese and most of its oil, tin, platinum, nickel and zinc.
I worry that resentment of the U.S. government's application of our laws overseas could damage our economy by closing off important overseas markets to American businesses and limiting our access to vital natural resources. Already we see China is working hard to strengthen its ties with African and Latin American nations rich in oil, metals and other commodities that currently supply U.S. industries.
On top of that, there are signs that the recent extension of the Sarbanes-Oxley Act (SOX) to foreign companies listed on U.S. exchanges may be hurting our domestic capital markets."
|
|
Metals commentary & concern
Forum Locked
