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Commodities Briefing - Categorized | Metals and Minerals, Price Watch more

Metals price dive brings earnings gloom

Posted on 11 October 2011

Global economic concerns have sparked a precipitous drop in metals prices in recent months, which will likely result in dismal quarterly profits for mining companies and steelmakers.
Stagnant economies in developed countries are crimping demand for metals such as aluminum, used in making cars and aircraft, and for copper, used in electrical wiring for new buildings. Steel, too, is seeing weak demand from the construction industry, which accounts for half its business……………………………………….Full Article: Source


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