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Metals price recovery confirms recession is over

April 18, 2010

China with around 12% and India at around 8% growth have shrugged off the recession and seem to be providing much of the power behind the global recovery.

The Indian Finance Minister seems to think that Indian growth rates could even overtake China’s.

http://business.rediff.com/report/2010/mar/31/india-poised-to-overtake-chinas-growth-rate-chidambaram.htm

Basic metal prices provide a solid sanity check and the recovery of metal prices is well underway. Recovery of Nickel price is a good indicator that specialised and stainless steels are back in demand again.

The steel cartel is becoming active again after having a couple of years with nothing to shout about, and seems to be mainly driven by the demand from China.

http://www.infomine.com/

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Sanity Check

April 18, 2010

A bright spring Sunday with blue skies over this part of Sweden.

But the skies over Europe are still closed due to the largely invisible ash cloud.

Lufthansa and KLM have made some test flights in the ash cloud with no sign of any damage. KLM hope to fly seven planes back from Germany during today (Sunday). Lufthansa flew 10 test flights bewteen Frankfurt and Munich on Saturday at 3000m and 8000 m altitude without incident.

Perhaps sanity will prevail and common sense will return.

http://www.reuters.com/article/idUSTRE63G1U920100417

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