"There is no massive direct impact to be expected for the European steel industry in the short term,"
But despite broad-based declines, which saw zinc and tin fall to three-week lows, the moves were not as strong as in other commodities and the market recouped much of its losses by the close.
Moves in base metals less sharp than other markets
Chinese steel and iron ore futures slipped on Friday, but losses were limited
Rio Tinto RIO.L and BHP Billiton BLT.L issued statements saying their businesses remain robust.
"We do not foresee any significant impact on our business in the short term, but we will
continue to monitor this in the medium to long term," Rio said in an emailed statement.
brexit is storm in a tea cup ..some will get affected like the financial sector and businesses that have a European connection..such as banks /financial institutions.
fortunately PIO is not a bank nor does it have a European connection..
ILC s price didn't change much at all and neither did many other lithium miners in canada or the usa ...i have seen bigger drops and rebounds when no brexit..media will spin it's scaremongering BS to get noticed and up their rating..expect it..
PIO Price at posting:
4.6¢ Sentiment: Buy Disclosure: Held