| 09.08.2011 - Debt gloom tarnishes metals |
| The last thing the base metals complex needed was yet another shock. No, not the downgrading of the US credit rating. As metals trading opened on Monday in Shanghai, things were a bit shaky but not too bad. Copper, for instance, managed to keep above the critical $US9000 a tonne level. But not for long. Metals plunged afresh on news of the latest downgrading of mortgage lenders Fannie May and Freddie Mac..............................................Full Article: Source |