Bloomberg News

Goldman Says Commodity Credit Issues in Europe ‘Mostly Behind’

January 09, 2012

Jan. 9 (Bloomberg) -- Goldman Sachs Group Inc. said commodity trade credit problems in Europe, which contributed to metals destocking, are “mostly behind us.”

There was a “sharp drop” in trade credit in Europe, and metals demand is likely to rise as destocking comes to an end, Jeffrey Currie, head of commodities research, told a conference in London today.

To contact the editor responsible for this story: Maria Kolesnikova at mkolesnikova@bloomberg.net


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