Hard times for metals markets


Metals markets have not escaped the strife triggered by the financial crisis. Having seen almost universal increases in prices in the first few months of last year, many metals plunged in the second half of 2008, as concerns about the health of the financial markets spread beyond the realms of subprime credit. Meanwhile, the bankruptcy of Lehman Brothers in September forced the issue of counterparty credit risk to the top of the agenda, causing scores of investors to recoil from other firms

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