RPT-POLL-Deepening recession to hit copper prices in 2009

Newswire

(Repeats from Tuesday) By Michael Taylor LONDON, Jan 27 (Reuters) - A worsening global recession is expected to slash copper prices by 50 percent this year as slowing economic activity hits demand, a Reuters survey showed. Aluminium is seen plunging almost 40 percent as inventories rise. The survey of 57 base metals analysts over the past three weeks also showed prices of other base metals, such as lead, nickel, tin and zinc, plummeting before governments' economic stimulus programmes ...

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