In the AFR today there's a article on commodites. According to calculations done by Bloomberg Goldman Sachs if China'a growth slows to 8% (currently 10%) the the flow on effect on metal prices will be
Al -18%
Nickel -24%
Copper -32%
Zinc -32%
Lead -38%
Hard to believe as some Zinc/Lead miners are operating at a loss at current prices so taking another 32% off the price would have just about all miners at a loss with many mines closing. Also makes you wonder what the metal prices would be if China growth slowed to 5% or they went into a recession?
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