"the low metal prices and global recession."....There will not...

"the low metal prices and global recession."....

There will not be low metal prices ever again. Low metal prices were in the year 2000. The declines we're seeing in metals at the moment are not suply demand related, they're traders unwinding positions. Once traders realise that demand for various metals has not fallen off a cliff, they will be bought up again.

As for a 'global recession' who do you consider to be included in the term 'global'? Let's take some big economies - USA, Japan, Germany, France... yes, they may fall into recession. But let's look at some emerging economies that are getting very large - China (need I mention 10% growth?), Russia (highest GDP per capita in the BRIC zone), India, Brazil.... there is nothing like a recession. As the west slows down, there'll be plenty to step up to the plate. Will be an interesting couple of years, but global recession is a bit far fetched.