Posted inChina, Middle East, Turkey, World

Metals prices down sharply

Copper continued to fall after yesterday’s 3.5% plunge, iron futures were down limit, and nickel dropped 2%. Infrastructure and housing construction in China provide the marginal demand for industrial metals in the world markets, and the credit-driven boom in these sectors motivated a rally in metals. With growth comfortably above the 6.5% target, China can […]

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