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UBS Predict Base Metal Price will fell Next Year

Wednesday, Dec 12, 2007
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Global financial service corporation—UBS said USA economy development will slow next year, so base metal price may fell. Its chief analyst Joachim Klement said, USA economy grow slow will decrease the demand. However, he thinks copper and aluminum will not go this way. Considering that China levy export tax will affect metal price in 2008. UBS think that is good news to copper and aluminum. Levy new tax means that China will be a net aluminum import country in 2008.

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