April 2012 | Base Metals
Prices to remain under pressure in the short term: Market Summary
All eyes are on the renewed concerns for global economic growth, particularly in China and predictably in Europe, which are adding to the downward pressures on base metal prices.
Aluminium: Sentiment across the base metals seems to have turned more bearish. We feel that this will continue to weigh on prices, especially in those markets where there are high levels of stocks, such as aluminium, at least until more production cutbacks are announced. Alloy prices have found support, but overall the trend remains to...
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