15.04.2009 - Base metals names thunder on and up
From Mineweb.com: Gold bullion prices may have perked up over the past few days, but investors have continued a broad sell off of listed gold and silver stocks, in place for two weeks now, mainly to the benefit of specialist miners of copper, zinc and nickel. On Tuesday, copper prices made an assault on USD 2.20/lb before profit taking took the price lower, but these levels are way above multi-year lows of USD 1.28/lb, seen in December, and more than half the record highs of USD 4.08/lb seen in mid-2008. Other base metals have also moved broadly higher in the past few months, even aluminium, which remains the most problematic industrial metal on the supply-demand front......Full Article: Source
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