| 22.01.2009 - Slump in demand for new vehicles pushing base metal prices lower |
| From Canadianbusiness.com: As automakers around the world cut production in response to a sharp drop in demand for new vehicles, miners are being pinched too. The auto industry accounts for 11 per cent of global copper consumption, 16 per cent of global nickel consumption, 22 per cent of global aluminum consumption and 23 per cent of global zinc consumption, according to a Desjardins Securities report..... Full Article: Source |