Posted on 04/11/2008 in category Non-Ferrous

Non-Ferrous Metals Division world-wide monthly market update
by Robert Stein,
President of the BIR Non-Ferrous Metals Division,
Alter Trading (USA)

Gravity defied no longer

Non-ferrous metals values seemed to have defied logic and gravity far longer than they probably should have. In line with the rapidly-spreading economic crises that now engulf most of the world, metals prices have declined with unprecedented rapidity, creating panic and commercial disappointment as buyers around the world face mounting losses.

Demand from China, about which you will no doubt read in reports from my associates on our board, has vanished as quickly as the Olympic flame was extinguished. The Indian economy has been somewhat compromised by an economic setback and the devaluation of the rupee. The American and European economies are in trouble and there seems little chance of a reprieve until conditions deteriorate even further.

Seethe monthly world wide market update in our Members only section withreports from key countries.

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