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A weak Purchasing Managers’ Index (PMI) in China is often viewed as a buy signal for industrial metals such as iron ore and copper, as investors take the view Beijing will boost stimulus spending. Problem is, the evidence for this is mixed.
Ducab, one of the UAE’s largest manufacturing businesses, is consolidating its metal operations into a new subsidiary - DMB, a dedicated business unit within the Ducab Group of companies supplying “Made in UAE” copper and aluminium solutions.
Details of the incident date back to December 2019, when a policeman stated that he had interrogated a number of suspects, who confessed to the theft, conniving with other suspects.