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Metals writedowns since 2008 breach $200bln - Tumazos

Posted on 01 August 2013

In a recent analysis, John Tumazos Very Independent Research attributed metals and mining writedowns to “volatile reversals from the 1975-78, 1982-86, 1997-2003 and 2012-13 commodity price depressions to 2004-08 to 2010-11 ‘Supercycle Euphoria’.”
Mining and Metals Analyst John Tumazos observed that the total of metals write-downs from 2008 to 2013 will breach the $200 billion mark this year………………………………………..Full Article: Source


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