Tuesday, December 2, 2008

Metal prices fall further

The prices of the key industrial metals have fallen in the last four months than the period during the " Great Depression ". The average fall in the prices of the metals like copper,lead and zinc have been nearly 60pc from last July. Prices for the three metals fell 40pc from their highs in 1929 before touching bottom in 1933, with the bulk of the fall in 1930 as the slump spread worldwide. Copper was the hardest hit during the recession and now itself there are speculations that this crisis will be worser than the " Great Depression "

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