20.07.2015 - Worst is over for base metals firms
Prices could start looking up, led by measures taken by China and stability in Euro zone and West Asia, feel experts. Prices of base metals have seen some recovery in the past week, after most of these visited their two-six year lows, following the Greece crisis and sharp fall in the Chinese equity market. However, things are stabilising and the Iran nuclear deal has given further relief to the markets. While aluminium, copper, nickel and tin fell to six-year lows last week, zinc has bounced from a 22-month low and lead from a five-year low. But, prices are still lower six-eight per cent compared to the beginning of the financial year...............................................Full Article: Source
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