June 2012 | Base Metals
Downside still favoured in the short term: Market Summary
Base metal prices are likely to continue slipping until supply cuts, Chinese stimulus, a route map to a euro crisis solution, or quantitative easing come to the rescue.
Aluminium: Demand-side factors are a drag, but supply-side issues are keeping premiums at record high levels. As prices drift lower, expect the market to get more nervous about the growing likelihood of smelter cutbacks.
Copper: With prices comfortably above marginal production costs, copper could, in...
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