06.04.2016 - Miners and Metals Drop on Rising Supply Concern and China Demand
Mining stocks and most base metals fell as concerns of rising supply and weak Chinese demand returned following a rebound in prices at the start of the year. The Bloomberg World Mining Index dropped 1 percent, with Glencore Plc and Vedanta Ltd. leading losses of more than 5 percent. Miners and copper executives gathering at the annual CESCO meeting in Chile don’t appear to be concentrating on output reductions amid a global price slump, said Michael Turek, the head of base metals at BGC Partners Inc. in New York...............................................Full Article: Source
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