Industry | 2009.12.22
Fitch: 2010 Global Base Metals Outlook: Stable on Recovery in Developed Nations
NEW YORK--(BUSINESS WIRE)--Fitch Ratings expects global metals demand will be more dependent on growth in developed economies in the next phase, according to its global base metals 2010 outlook issued today. The recent recovery in metals prices was primarily driven by domestic consumption and restocking in China amplified by the return of speculative demand. The construction, automotive and capital goods sectors, which are key to consumption of base metals, remain weak in most industrialized reg
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