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Metals fall with a clang as demand slumps

Posted on 22 October 2008

From Indianexpress.com: Following the global financial crisis and a sudden dip in demand for metals, metal prices which were riding in the last two years have seen heavy fall of up to 51 per cent just in a month’s time.

Price of copper has tanked by 27.80 per cent in the spot markets in Mumbai metal market. Nickel led the fall losing 51.5 per cent in value from September 20 to date. Zinc prices slipped by 37.55 per cent while tin prices declined by 23.02 per cent and lead by 23.50 per cent in the said period….. Full Article: Source


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