back late. (MF) China's Molybdenum price strongly rises up with market becoming more and more active. China was not the only country to do this; from the end of World War II until 1967, Western European countries all maintained fixed exchange rates with the US dollar based on the Bretton Woods system. The aim is to boost output to 400,000 metric tons a year, Martins said during a meeting with investors in New York. China's unemployment rate falls.1 by Q3 - more China metals output hit by power cuts, pollution - more How Speculators Are Crippling the Copper Industry - more America's Poor: Where Poverty Is Rising In America - more Domestic Productions Of Nickels In Japan.
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Great Britain announced budget cuts that will cost over half a million public workers their jobs over the next four years. Of course, subsequent hikes would be much more problematic for the markets, but having said that, future increases are still some ways off. more Universal Stainless Reports Strong 2010 Third Quarter Results - Universal Stainless Alloy Products, Inc. The Baltic Dry Index slipped 7 points to 2,762. Stockpile futures fx trading movements have remained basically flat for the last three months. We are supposedly out, and have been out, of the so called Great Recession, for over a year now. US markets will most likely be led today by the release of initial 3rd quarter GDP numbers to be released shortly, overshadowed by nervousness of Fed news next week. The picture for nickel was less tight, however, with supply to outstrip demand considerably in 2011. Indicator charts show nickel began climbing early and never looked back. more Morning Briefing (8:00 AM CST is 1PM in London) Indicators at 7:15 am CST show 3 month nickel trading around.12/lb lower, with most other London traded base metals also trading lower. According to people familiar with the situation, subpoenas were issued to the three banks.
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