Price correction in metals may be short-lived
(WorldNews Business)

As the much-anticipated trade talks between the US and China fell through, all stakeholders - from farmers to businessmen - were disappointed. The sentiment dampened further when the renewed tariff impositions were announced. In response to the increased US tariffs on the $200-billion Chinese exports, China announced that it would raise tariffs on $60-billion worth US goods from 5/10 per cent previously to 10/20/25 per cent from June 1. It´s not a surprise then that metals became the scapegoat, as most of the goods traded between the US and China are metals or products with metal components, such as machinery, electrical equipment and vehicles. Prices of metals including zinc, copper,...