Four to five months back all the metals like Aluminum, copper, tin, lead, iron, steel and also crude oil prices were at multi year highs and were anywhere between 30% to 200% higher than a year-ago price levels. At that time most of the economists and analysts were only predicting as to how much more these prices could keep climbing up. Within the last few months things have taken a U turn, thanks to the massive US financial crisis and failure of quite a few big institutions, all the metal prices are currently ruling at multi year lows, and many major manufacturers have already indicated that they are planning to cut down their production in coming months in order to reduce their piled up inventory.
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