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Morgan Stanley cuts base metals outlook as China’s growth slows

Posted on 25 June 2013

Morgan Stanley reduced its forecasts for industrial metals on concerns slowing growth in China, the world’s biggest consumer, and the nation’s worst cash squeeze in at least a decade will curb demand.
The bank cut its 2013 copper estimate by 3 percent to $3.42 a pound and lowered its nickel prediction by 7 percent to $7.23 a pound, according to analysts Peter Richardson and Joel Crane in a report. Copper for September delivery traded at $3.0285 on the Comex in New York………………………………………..Full Article: Source


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