28.11.2008 - Base metals retreat as demand fears deepen
From FT: Base metals retreated across the board on Wednesday as fears of falling demand eclipsed news of extraordinary policy moves aimed at boosting economic activity?in?China?and?Europe. Copper sank 1.5 per cent to $3,710 a tonne, approaching last week’s three-year low, as traders shrugged off China’s largest official interest rate cut in a decade and a European Union €200bn stimulus plan, and instead focused on fresh evidence of deteriorating global demand for metals and a glut in supply..... Full Article: Source