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'Slump scenario' would be terrible for copper

WOOD Mackenzie has presented a sobering outlook for the global economy; one where a five-year recession causes a massive slump in base metals demand, an extended period of oversupply and prices that chase costs downwards.

Tom Hoskyns
'Slump scenario' would be terrible for copper

Julian Kettle, vice chairman of metals and mining at WoodMac, presented his ‘slump scenario' this week via webinar. The outlook "combines a recession of the severity of 2009 - without the sharp recovery...

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