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LME METALS round-up - 12 October

It is sometimes said that the best research confirms something that is already known. So the International Monetary Fund has revised its forecast for global growth this year to 3.3% from the 3.5% figure it suggested in April, and has reduced its expectation of growth next year to 3.6% from its earlier figure of 3.9%. Unsurprisingly, most metal prices were down on the week.