09.02.2015 - Global debt haunts mineral prices
Not quite six weeks into the year and already the wall metals need to climb gets higher by the day. On top of a global emerging currency war — in the space of just over five weeks 17 central banks have loosened monetary policy — there is all that debt. As McKinsey Global Institute asked during the week, “can we thrive in a world awash with debt?” Since 2007, it reports, ­global debt has increased by $US57 trillion ($73 trillion). On Thursday, copper inventories at the London Metal Exchange jumped by 32,500 tonnes in a 24-hour period (to 284,600 tonnes). Inventories of the red metal at the Antwerp warehouse alone have risen 65 per cent since January 1...............................................Full Article: Source
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