| “Dr Copper” is in town. And he has given the global economy a clean bill of health. The mood at LME Week, which sees as many as 10,000 miners, smelters and traders descend on London, offers an unrivalled barometer of the state of the global economy: the wide range of uses of industrial metals across manufacturing and heavy industry mean that metals traders are often the first to witness shifts in the economy.
At the seminars, meetings and cocktail parties this year, one message has been clear: whisper it quietly, but after years of lurching from one crisis to another, the world economy appears to be on a more stable footing...............................................Full Article: Source |