Moody's: Weak metal prices to hit miners through 2016
Prices for iron ore, copper, nickel, aluminum and other metals have been in a multi-year slump amid sluggish growth in advanced economies and weakening expansion in emerging markets. Unfortunately, the trend won't be fading anytime soon, Moody's Investor Service says in its latest global base metals outlook report, published recently. "Slowing growth in China and Brazil, muted conditions in Europe and a weak recovery in the U.S. will continue to pressure global base metal prices," the ratings agency warns.
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