| While the world worries about China, Europe worries about Greece and the UK worries about Osborne’s budget, today here at Money Morning we turn our heads to something more useful – industrial metals. Although at the moment, judging by their price, there aren’t so many who want to use them.
We’re talking copper, zinc, and iron… The commodity bear market is now in its fifth year. Yet it seems like only yesterday that we were in a commodity supercycle. Years of under-investment, a failure to make significant new discoveries, and insatiable Asian demand for raw materials meant that the price of any metal would just ‘go up’. Precious metal, industrial metal, rare earth metal – the market was indiscriminate...............................................Full Article: Source |