One thing should be committed to memory that the world has proceeded on more than the last 10 to 15 years. During the second half of 21st century, as the supreme authority of the global economy, America was considered to be a burning example to other economists for the direction. However it is a matter of grave concern that situation is no longer alive.

With the steady rising of Asia in general and the BRIC countries in particular including Brazil, Russia, India and China, there is the higher possibility of the transfer of the supremacy from super power holder America to these countries as they are able to rekindle the hope and aspiration in mind of young generation. There is no denying the fact that Asia has snatched from America as largest consumer of major base metals like almost 50% of Copper which is now available in Asia. Much of this metal is available in China followed by 22% in Europe and America holds 14% in that particular field. China is also considered to be the largest consumer of aluminum, lead, nickel, zinc and tin. So there is higher possibility of the steady reduction of the demand in American market with the steady entry of China into the global scenario.

Though persons can feel the worst case picture where institutions are trying to raise money in  a growing credit crunch and consumption is minimized by a dearth of investment and consumer demand. In actuality, the metal markets will be backed by uninterrupted demand from the various parts of Asia. Therefore new production capability will take a long time to grow and one can hope to monitor the existing supply demand or requirement balance which will continue for the near future irrespective of the fallout from the existing credit crunch in the west.