{"id":8819,"date":"2008-10-10T00:00:00","date_gmt":"2008-10-10T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"base-metals-hit-hard-as-hedge-funds-unwind","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2008\/base-metals-hit-hard-as-hedge-funds-unwind.html","title":{"rendered":"Base metals hit hard as hedge funds unwind"},"content":{"rendered":"<p>The Australian &#8211; CMC Markets senior dealer Matthew Lewis said base metals were hammered in New York and London overnight on Wednesday as hedge funds liquidated their holdings. <\/p>\n<p>&quot;There is growing concern about the slowing of global growth and the impact that will have on base metals demand,&quot; he said. <\/p>\n<p>&quot;Junior iron ore explorers have been really hurt, which has been directly linked to concerns that China&#8217;s steel mills may reduce intake by up to 20 per cent. <\/p>\n<p>&quot;Plus, the short-term strength in the US dollar will hamper any bounce in metals.&quot; <\/p>\n<p><a href=\"http:\/\/www.hedgeco.net\/news\/news_land.php?i=http:\/\/www.theaustralian.news.com.au\/story\/0,25197,24472564-5005200,00.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Australian &#8211; CMC Markets senior dealer Matthew Lewis said base metals were hammered in New York and London overnight on Wednesday as hedge funds liquidated their holdings. &quot;There is growing concern about the slowing of global growth and the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[2504,3107,1785,2366,314,528,3108],"class_list":["post-8819","post","type-post","status-publish","format-standard","hentry","category-syndicated","tag-29-april","tag-agricultural-commodities","tag-corp-ltd","tag-feedback-loop","tag-finance","tag-lu","tag-term-trend"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=8819"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/8819\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=8819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=8819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=8819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}