Liberty Star Uranium and Metals Corp (LBSR)

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Investors are bailing on commodities as China’s economy expands at the slowest pace since 1990 and the Federal Reserve moves closer to raising borrowing costs. Plunging metal prices are eroding profits for mines across the globe as they struggle to rein in costs.

“We’re probably not too far off a global industrial recession,” Colin Hamilton, London-based head of commodities research at Macquarie Group Ltd., said in interview with Bloomberg Television Wednesday. “The only thing that can turn it around are strong capacity cuts.”