the chairman of rio in a interview with times yesterday says he expects china to bounce back as the beijing area factory and construction work which has been shut down is almost 25% of chinas gdp.he expects basemetals to recover quickly.and contrary to many views he expects supple to remain tight,he mentions the amount of mines that are shutting down ,and others being posponed esp nickol which will help prices rise for those left. by the time cmr is in full swing around nov/dec it may well be a better picture re prices
CMR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held