| From Mineweb.com: If we are in for a period of recession rather than a global depression, then it looks as though announced production cutbacks by mining companies are far more severe than the demand situation would justify.
Nowadays not a day seems to go by without some significant base metals producer, or prospective producer, announcing major base metals project delays, cutbacks and curtailments. Add to that the announced, and so far unannounced, cessations in exploration programmes and we are looking at a near term very substantial fall in base metals output - and in other industrial and precious metals too....... Full Article: Source
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