THE AUSTRALIAN
Metals prices get the shakes - Citigroup Global Market's latest Commodities Strategy report.
Edited by : AL CIRCLE
1 min read
Citigroup analysts say global economic prospects are worsening markedly. They have made sharp cuts to US, euro zone and UK growth, and have also shaved more modest margins off their China and India outlooks.
Citigroup maintains a positive view on aluminium and expects prices to be sustained around $US2300/tonne. Below that level, a significant number of producers will begin to make losses and then production cuts could be made.
Citigroup maintains a positive view on aluminium and expects prices to be sustained around $US2300/tonne. Below that level, a significant number of producers will begin to make losses and then production cuts could be made.
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