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

Base metals outlook improves little in 2013

Posted on 08 January 2013

A shrinking global economy took a heavy toll on producers of nonprecious metals in 2012. Prices for base and industrial metals like copper, iron ore, and aluminum fell sharply as demand nearly collapsed.
Some companies tried to buy their way out of the problems by taking stakes in energy production projects. When Freeport McMoRan Copper & Gold Inc. agreed to buy McMoRan Exploration Co. and Plains Exploration & Production Co. for total consideration of $20 billion, the deal was criticized from a number of standpoints………………………………………..Full Article: Source


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