| 21.01.2009 - Production cuts, shelved plans lay foundation for strong metals price recovery |
| From Mineweb.com: Mining output cuts and shelved investment plans are laying the foundations for a strong metals price recovery when the world eventually returns to growth, fund manager BlackRock said. But London-based Evy Hambro, managing director at BlackRock, said that until the global economy starts to respond to large fiscal and monetary stimuli, prices of industrial metals will stay near the marginal or highest costs of production..... Full Article: Source |