Macroeconomics rule as non-ferrous metal prices plummet
Issue 3 - September 2011
Following Standard & Poor’s downgrading of the US credit rating, aluminium, copper, lead, and nickel all plunged more than 10 percent in less than two weeks, proving yet again how vulnerable metal buyers are, to volatile factors beyond their control. Non-ferrous metal exchanges are being heavily impacted by actions taken by market investors rather than by fundamental supply and demand dynamics.
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