China's buy low approach should be the envy of boardrooms across the mining sector
China's buy low approach should be the envy of boardrooms across the mining sector. Chinese Investment Company, Long March Capital is considering buying South African platinum assets after their value was depressed by strikes, the company's Managing Partner Clement Kwong said.?If the industry survives and makes a profit then that would be a good signal to look at investing, said Kwong. This last round has repriced these assets down so I think it would be as cheap as it gets. Our view? China has been highly successful in acquiring mining assets at bargain basement prices by following a buy-low approach which should be the envy of boardrooms across the mining sector. ?The recent expression of interest in platinum assets highlights the fact that China is now the world's largest car market and suggests it may also be interested in lead and other industrial metal assets. (VIEW LINK)
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