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One of the Last Metal Hedge Funds Says China to Bring More Pain

  • Paul Crone says market set for "fresh muti-year lows"
  • Production cuts not yet enough to offset weak demand
Vale SA Chief Executive Officer Murilo Ferreira Inaugurates The Teluk Rubiah Marine Terminal
Photographer: Charles Pertwee/Bloomberg
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The biggest rout in industrial metals since the financial crisis is set to deepen as mining companies fail to cut production enough to make up for slowing demand, according to Citrine Capital Management LLC.

“We could make fresh multi-year lows across metals in the next six months,” Paul Crone, founder of Citrine, said in an interview this week.