| For commodities, the first cuts weren’t the deepest. If anything, they have proved feeble. Prices for copper and zinc continued to fall after announced production cuts by miners. Glencore in September said it would close two African copper mines, removing about 400,000 metric tons of copper annually from the market.
That came after cuts from others like Freeport-McMoRan. Glencore followed that with October’s plans to cut a third of its annual zinc production, or 500,000 tons. The moves prompted short-term rallies, only for them to dissipate within days...............................................Full Article: Source
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