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China is driving up the demand and prices of metals

Post Time:Sep 14,2010Classify:Industry NewsView:146

Metal prices rose after industrial production increased in China, the world′s largest consumer of the metal. China′s industrial output rose at a faster pace in August than analysts estimated .Production gained 13.9 percent from a year earlier, more than the 13 percent median estimate of 29 economists, a statistics bureau report showed in Beijing . Consumer prices rose 3.5 percent, the most in 22 months, as food costs climbed. Retail sales increased 18.4 percent, according to a Sept. 13 report in The Wall Street Journal

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Source: http://www.glassmagazine.com/news-item/commercial/china-driving-demand-and-prices-metals-106749Author:

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