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Cheap oil adds fuel to the problem of metals glut

Lower energy costs may lead to savings for miners but they also delay the production cuts needed to address their surplus stocks and falling prices

London

THE collapse in oil and coal prices isn't just bad news for the energy industry. It's also compounding a global surplus in metals.

Ores are extracted with diesel engine diggers and trucks, while smelters that process metal run on electricity from coal-fired power plants.