| Mining stocks plumbed a 12-year low and metals resumed their slump as sinking oil and equity markets fueled concerns about world economic growth and prospects for demand.
Oil plunged and stocks from Asia to Europe slid, fueling a rush to haven assets such as gold. The Bloomberg World Mining Index dropped as much as 3.3 percent to its lowest since September 2003, with the world’s biggest miner, BHP Billiton Ltd., losing 7.4 percent in London. Citigroup Inc. cut copper and other base-metals forecasts...............................................Full Article: Source
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