Tuesday, January 10, 2006

Metals go zing!

Shortfall of metals risks China's rise

HOLD tight, it's going to be another belter of a year for metals.

In fact, so critical is the supply situation, according to one local analyst, that China's growth could be compromised because it cannot get its hands on enough raw materials.

The starkness of the situation is illustrated by copper. While stocks of the red metal have been rising in recent weeks, the London Metal Exchange's holdings account for just two days' worth of world consumption.

Merrill Lynch's US operation sent a note to clients last week that copper, aluminium, nickel and steel would be in tight supply for 2006.


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1/17/2006 8:19 PM  

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