BIR World Mirror on Ferrous Metals - July 2011

PRESIDENT'S OPENING REMARKS
by Christian Rubach, TSR Recycling

First of all, I would like to express my delight that the recent BIR Convention in Singapore attracted over 1200 delegates, many of whom were involved in the ferrous scrap business. Raw materials guru Jim Rogers was the main attraction of our BIR Ferrous Division plenary meeting, which counted over 300 delegates who had come to listen to the recommendations of this widely-known financial commentator, investor and commodities visionary.

His entertaining and thought-provoking guest presentation had been guaranteed to earn the rapt attention of his audience given that its title promised recyclers “you will be very rich”. He went on to explain that 3bn people in the world are increasing their consumption at a time when supply of a range of commodities is “under duress”. He insisted: “I am very optimistic about the price of raw materials. I think you’ll be rich because you’re in the right place at the right time.” Mr Rogers went on to predict that the commodities bull run would encounter setbacks along the way but would nevertheless continue until 2018 or perhaps even 2020.

BIR extends its special thanks to Schnitzer Steel, EMR, Sims Metal Management and TSR for the financial initiative that helped to secure Jim Rogers as our keynote speaker (...)

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