Metals Demand in India May Double

Bloomberg reports that increased car sales and more infrastructure spending should increase India’s demand for base metals over the next decade.

The market news is quoted as saying:

Prime Minister Manmohan Singh has proposed $1 trillion of spending in the five years through 2017 to upgrade the nation’s road, railway and power networks, which the finance ministry says shaves 2 percentage points from growth.

To read the full market news, click here.