16.11.2011 - Barclays: Repeat of 2008-09 crash in base metals unlikely
The intensification of sovereign debt concerns has fuelled fears in the base metals markets of a repeat of 2008, said Barclays Capital in a research note. But although there are some similarities, there are also a number of important differences between then and now in supply trends, inventories and price action. On the supply side, in the run up to the 2008 crisis, producers were maximizing throughput and, as a result, when buying suddenly froze, large production adjustments were needed to bring supply back into line with demand............................................Full Article: Source
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