ML-Implode News - Supply Destruction

In short, most of the dire oversupply predictions can be thrown out the window. How large the oversupply actually is will depend on how the world economy does and how much demand drop there actually is going forward. Demand growth has slowed for most metals, though itâ€™s still positive. Only time will tell if the rest of the world has decoupled from the US economy. We still very much think the important demand generating economies have, but Mr. Market will not believe that until it shows up in hard numbers over the next few months.

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Supply Destruction