....LME....VS PRICE
in response to
by
posted on
Oct 23, 2008 08:51PM
Producing Mines and "state-of-the-art" Mill
...doesn't seem fair, i"m thinking with all these closers announced lately , their must be a lot of house cleaning being done which is adding to the inventory. I guess with the Global slow down also contributing, we could see a lot more high cost producers biting the bullet. Small time producers like Liberty have a chance to succeed as our cost to operate will be substantially lower going forward.Locally in the news to-day, Vale ( INCO ) was warning the Government that they will not be able to meet the 2010 emission controls, on top of this we lost FNI and FNX has cut back substantially,gee who's going to be next, i wanted to sell the house next yr and go south not North. Traps7