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Commodities Briefing - Categorized | Investment, Market Moves, Metals and Minerals more

Investors regain appetite for metals

Posted on 30 October 2008

From FT: Base metals have staged a strong rebound this week in spite of deepening gloom among investors about the outlook for the global economy and the prospects for demand.

Nickel has rebounded 35 per cent, tin has vaulted 28.9 per cent while lead and copper have jumped almost 23 per cent. The increases have left traders and analysts debating whether this is a temporary bounce from oversold levels or if the market is stabilising following a slew of production cuts announced by mining companies in recent weeks….. Full Article: Source


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