05.12.2008 - Base Metals forecasts not taking all output cutbacks into account
From Reuters: Forecasters may be overestimating the global supply of base metals, particularly zinc, Octagon Research said on Thursday, suggesting that hard-hit metal prices may rebound sooner than expected. Analyst Hendrik Visagie said in a note that the market has been too focused on concerns about falling demand, and has been ignoring a supply side that is becoming much leaner as low prices and tight credit markets have forced producers to shut mines and delay new projects..... Full Article: Source
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