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By Li Xiaowei
Nov. 24 (Bloomberg) -- Copper fell to near the lowest in more than three years as a global surplus widened, fueling concern that a deteriorating global economy is reducing demand for industrial metals.
World copper production exceeded usage by 75,000 metric tons in |
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World's largest ferrochrome producer cuts back sharply
The Xstrata-Merafe Chrome Venture cuts out a third of 2009 production on weak demand.
Author: Tessa Kruger
Posted:
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Despite recent production cuts, steel mill inventories remain under pressure as end-user demand has collapsed.
While the mills are lowering prices to clear inventories, the buyers' strike continues as traders await further price falls.
Even more seve |
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