Actually, Glencore likes the prospects for commodities like copper, nickel and aluminum.
Experts on London's commodity exchanges claim that so much Russian nickel, aluminum and copper is being dumped on the market that world prices are depressed.
China represents 42% of global demand for the four main base metals: copper, zinc, nickel and aluminum, so its decisions regarding how to direct its state-run economy are paramount to the outlook for these commodities, she said.
Not so long ago most products were produced using a handful of atoms from the periodic table, like copper, iron, nickel, and aluminum.
The sludge inside the tank contains chunks of solids, many common metals including aluminum, nickel, lead, silver, copper, titanium, and zinc and other common elements.
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Industry insiders say it has been developing, in a joint venture with Matsushita Electric, a lithium-ion battery that uses nickel, cobalt and aluminum dioxide.
Meanwhile, the profits of publicly traded companies in base metals such as copper, aluminum iron and nickel are up 6%, on average.
Although BNP Paribas looks for strength in base metals next year, it lowered its fourth quarter 2012 and first quarter 2013 price outlooks for aluminum, copper, lead, nickel, tin and zinc from previous forecasts after price weakness earlier this year.
Aluminum and tin also fell to seven-week lows Monday, while nickel hit a nearly 10-week low and zinc hit an eight-week low.
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The country is responsible for half the growth in purchases of aluminum, copper and steel and more than 85% of the growth in tin and nickel.
Other potential billionaires include Steven Blumgart and Gary Fegel, the co-heads of the aluminum business as well as Christian Wolfensberger and Stuart Cutler, the co-heads of the ferroalloys, nickel and cobalt business, and Chris Mahoney, head of the agricultural products business.
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