Quotes from the news wire:
It's been a big shock to the market, this massive flood into the LME warehouses.
Found on Reuters 9 years ago
I can't confirm it (Glencore selling metal stocks) ... but it is much easier to liquidate LME (refined) metals than concentrates.
Found on Reuters 9 years ago
This is one metal I'm feeling distinctly uncomfortable about. You have to conclude that demand is very weak, yes, you've had a surge of production out of Myanmar in the past couple of years, but shipments out of Indonesia, the dominant supplier, have been very low.
Found on Reuters 9 years ago
Copper is trying to look for a bottom, but there are plenty of things that can go wrong, revolving around Ukraine and Greece in particular, and in the background the concern about the extent of the slowdown going on in China.
Found on Reuters 9 years ago
That (80,000 tonnes) is approximately how much you're going to lose and that's substantial in the lead market, it's a very special type of lead concentrate so it's not that easy to replace with other stuff. That's why the lead price is substantially outperforming the other metals.
Found on Reuters 9 years ago
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