22.05.2013 - Metals prices to continue to drop this year - S&P
Weak global demand will constrain Latin American metals and mining sector’s performance this year, Standard & Poor’s advised Monday. “Sluggish demand and oversupply remain key risks for most metal commodities,” said S&P Credit Analysts Rafaela Vitoria and Diego Ocampo. “We expect metal prices to continue to drop in 2013, as a result of oversupply and slowing demand, which will pressure credit metrics.” In their analysis, S&P observed that the outlook on the Asia Pacific region is critical to the metals and mining sectors. “Our base-case outlook expects growth in the region to hold steady or pick up slightly in 2013 and 2014. China’s real GDP could expand 7.9% in 2013, and 8% in 2014,” said the analysts...................................Full Article: Source
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