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ETFs To Watch On The Industrial Metals Recovery

Posted on 05 September 2014

So far this year we have witnessed a downward trend in iron prices while the prices of non-ferrous metals such as aluminum and copper regained lost ground and have been on the rise since. This is in stark contrast to the 2013 scenario, when iron ore prices enjoyed a bullish run unlike other base metals, thanks to heightened demand from steel end-consumers, particularly in the Chinese construction sector.
Let us have a look at what led to the disparity in circumstances: Iron: The commodity has lost 33% of its value so far this year impacted by myriad reasons like excessive inventory, abundant supply of iron as mining companies increased their output, as well as tight credit and slow economic growth in China………………………………………..Full Article: Source


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VRS - who has written 37561 posts on Opalesque Commodities Briefing.


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