DJ MARKET TALK: LME Zinc Top Pick Despite Price Fall - Citi
0203 GMT [Dow Jones] Zinc remains Citigroup's preferred base metal pick
despite prices falling 25% in metals turbulence at start of year, China-export
driven spike in LME inventories in January. But 5% fall in LME inventory since
and China unlikely becoming a net exporter of zinc points to another deficit in
2007, with zinc prices in 2H07 tipped at $2/lb ($4,409/ton). LME 3-month zinc
trades at $3,140/ton, up $20 on Friday PM kerb. (EFB)
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(END) Dow Jones Newswires
02-11-07 2103ET
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