The View from the Metals Desk: China

Over 1.2 Million Killed so far by air pollution this year – by China?

The Bull in the China Shop

No matter what else happens at the Paris Climate Change Summit later this month, in advancing the message for a the global push for clean air this year, China will continue its quest to build 500 coal-fired electrical plants designed to quench her enormous population’s thirst for cheap energy. The vast majority of these plants are going to be built without modern “scrubbers” to clean out the toxic ash and other major pollutants that normally are removed by reactive metals. So let’s look at some facts about China’s releasing of greenhouse gas emissions for this year, to put my thesis to the test.

chinaThe US Chamber of Congress quotes the New York Times this year as saying that China has been burning seventeen percent more coal in 2015, in total, than they’ve in fact disclosed – according to recently released annual production data. To put that in a global perspective: that hidden 17% alone, represents more gross pollutants than the entire carbon dioxide output of Germany, the largest industrial country in the EU. To bring that into a larger context, China also intends to add another one thousand smaller coal-fired plants, which it currently has on the drawing boards for preconstruction review in 2016. Very few of them plan to use Platinum or Palladium for scrubbing – the main precious metals utilized in the catalytic cleaning of exhaust gas emissions in modern power generation plants of their kind.

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Peter Thomas
Pete Thomas is a senior vice president at the Zaner Precious Metal Division. As an old-school licensed floor broker he was filling customer orders in the silver pit back in the days when silver ran to $55 an ounce. He currently manages a global cash desk which handles Refiners, Recyclers, Mining Operations and Coin & Bullion companies. He is in great demand for his insightful opinions drawn from 35 years in metals trading -- to news distribution companies and magazine publishers such as: EconoTimes, Bloomberg News, The Guardian, Hard Assets, Kitco and Modern Trader magazine. His views go far beyond simply reporting on the Gold and Silver Trade, and extends into the politics of precious metals and their effect on global affairs, as well as the importance of the use of these valuable commodities in everyday investing and trading life.
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Peter Thomas

Peter Thomas

Pete Thomas is a senior vice president at the Zaner Precious Metal Division. As an old-school licensed floor broker he was filling customer orders in the silver pit back in the days when silver ran to $55 an ounce. He currently manages a global cash desk which handles Refiners, Recyclers, Mining Operations and Coin & Bullion companies. He is in great demand for his insightful opinions drawn from 35 years in metals trading -- to news distribution companies and magazine publishers such as: EconoTimes, Bloomberg News, The Guardian, Hard Assets, Kitco and Modern Trader magazine. His views go far beyond simply reporting on the Gold and Silver Trade, and extends into the politics of precious metals and their effect on global affairs, as well as the importance of the use of these valuable commodities in everyday investing and trading life.

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