Look for metals' price rebound by mid-2002

摘要

North American market prices for commodity metals prices fell into a sharp downward spiral in September,"reflecting deteriorating world demand and uncertainty created by the Sept.11 terrorist attacks on the U.S.," says senior economist Craig Alexander at TD Bank Financial Group in Toronto.The terrorist attacks have postponed prospects for a recovery in global industrial activity,metals purchasing and pricing,"he says.And while it's too early for accurate statistics on metals markets since the attacks,anecdotal reports from buyers indicate a sharp reduction in purchasing activity.