base metals down again

  1. 2,432 Posts.
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    Base metals are getting smashed again in LME trade.

    Copper down 3.6%
    Lead down 3.3%
    Zinc down 2.9%
    Nickel down 1.8%

    At current prices I've heard 50% of Zinc producers are losing money and Nickel producers are just as bad. How low can these prices go before the mining industry implodes?
 
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