27.10.2015 - Global base metal prices to remain weak in 2016: Moody's
Slowing growth in China and Brazil, muted conditions in Europe and a weak recovery in the US will continue to pressure global base metal prices, says Moody's Investors Service. Moody's outlook for the global base metals industry remains negative. Uncertainty regarding growth in China is one of the primary factors underpinning Moody's negative outlook, with the country accounting for more than 40% of global demand for most key base metals, according to the report "2016 Global Base Metals Outlook: Downside Risk Remains on China Concerns, Slowing Global Growth." Weak global macroeconomic conditions and volatility in base metal prices have also dampened investor sentiment, which could pressure future growth rates. "We expect base metal prices to continue to trade at lower levels, and expectations for slower growth and reduced demand could result in further downside risk for the sector," said Carol Cowan, a Moody's Senior Vice President...............................................Full Article: Source
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