The hype surrounding the credit-fueled resurgence in base metals in the first half of 2017 has crashed and burned on the altar of reality in China’s slowdown with industrial metals from copper to iron ore and zinc all plunging in the last two weeks. Odd that we don’t hear much from mainstream business media discussing the implications for a global coordinated economic growth narrative…
Since the start of September, industrial metals have been hammered (as stocks soared)…
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Iron Ore prices have crashed into a bear market…
This post was published at Zero Hedge on Sep 21, 2017.
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