Commodities Worldwide - "Guardian Worldwide" -(Base Metals Near Bottom)

London, United Kingdom (PressExposure) March 04, 2009 -- An email to clients of Asian-based wealth managers, "Guardian Worldwide", reportedly advises that recently announced US and Chinese plans to improve infrastructure in their respective countries may draw a line under the price of base metals.

Huge stimulus packages announced by both the new Obama administration and the Chinese government aim to commit large sums of money to the development of railways, electrical infrastructure and communications all of which require base metals such as copper and iron.

A source close to "Guardian Worldwide" said that prices of base metals had fallen dramatically in recent months as concerns mounted that the global economic slowdown would mean that infrastructure spending would decline thereby reducing demand but the stimulus plans had slowly altered perceptions.

"Guardian Worldwide" is thought to be evaluating a number of plays on the potential for increased demand for raw materials with a view to advising investors keen to acquire holdings at depressed prices.

Despite the severe slowdown in China's export markets, 62% of economists believe the country is widely expected to grow at or close to 8% according to a survey conducted by "Guardian Worldwide".

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Press Release Submitted On: March 04, 2009 at 9:43 pm
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