MINING FINANCE / INVESTMENTFORTIS/VM GROUP REPORT
Precious and base metals prospects uncertain as China grows and West contracts
In its latest Asian Metals Monthly report, Fortis Bank/VM Group, looks at the uncertainties in metals prices given Chinese growth and Western economic weakness.
Author: Lawrence Williams
Posted: Friday , 03 Jul 2009
LONDON -
The strategic summary from the latest Asian Metals Monthly report from Fortis Bank and prepared by the VM Group in London comments on the fact that there is conflicting data and opinions as to whether the global recession has reached its lowest point. Recently George Soros reckoned the worst is behind us, but concrete evidence of that remains sparse, as job queues lengthen and global GDP growth estimates from agencies such as the IMF and World Bank remain firmly negative for the rest of this year. Having said that, the report points out that base metals have enjoyed a remarkable recovery so far this year, based on expectations (if not conclusively lasting evidence) of China's growth prospects.
To read full report please click on Asian metals market
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