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Timing of metal price cycle needs rethink

The cyclical positioning of metal markets warrants some reappraisal. Another 24 months may be needed to get back to where we were in mid-2014 before the latest price slide began.

Timing of metal price cycle needs rethink Timing of metal price cycle needs rethink Timing of metal price cycle needs rethink Timing of metal price cycle needs rethink Timing of metal price cycle needs rethink

The mining industry needs stronger global GDP growth. Without a pick-up in growth, the prices on which the industry depends will not stabilise at levels that allow miners to finance new projects.