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Tight monetary policy a setback for Base metals

Posted on 05 May 2011

Base metal prices may slide by 10%-15 % in the next two months on account of monetary tightening in Brazil , Russia , India and China, collectively known as BRIC nations. Japan, which has still not recovered from the aftermath of tsunami , has not placed orders for base metals yet which would have otherwise spurred the base metal offtake.
The emerging nations have recovered early from the 2008 recession but their central banks are trying to temper growth to rein in runaway inflation……………………………………….Full Article: Source


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