Article: Sub-prime issues affect nonferrous markets.(NONFERROUS)

After seeing a strong upward climb for many nonferrous metals, the continued problems with the U.S. housing industry and the sub-prime mortgage business are having a sharply damaging affect on some key nonferrous metals, notably copper.

Copper, which has been quite buoyant throughout the past several years, has seen some stiffening resistance, as more consumers are finding slack orders for their products. Additionally, because a significant amount of copper goes into the new housing sector, a decline in new housing starts is felt throughout the system.

Copper markets could continue to be a challenge, as there is a growing sense that China, which was very ...

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