Re: Raw Materials from 3rd World Countries vs. Finished Products from 1st World Count
Possibly slightly off topic, but I believe relevant. I think we may be heading into an era where secure access to raw materials may be critical - for example, rare earth elements, which currently are supplied by China.
Also, I attended the annual AIST meeting in Pittsburgh last May, during the round table discussion one of the topics was raw materials - all the executives of the steel companies indicated that they had, were taking, or were increasing their stake in raw material suppliers to ensure that they had adequate supplies for their business. They also indicated at that time (May 2010) that they were making more money from raw materials than from finished products.