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Global packages to push up prices of metals

Posted on 27 March 2009

From Hindu.com: The sharp reduction in inventories and a bias in global stimulus packages towards metal-intensive infrastructure spending around the world could combine to create a new supply and demand imbalance, thereby pushing up prices of metals as well as deal values, according to a report released by leading global consultants Ernst & Young here.

“$2-3 trillion in economic stimulus packages have been announced around the world over the last few months and it is estimated that 30-40 per cent of this will be going into infrastructure…..Full Article: Source


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