0245 GMT [Dow Jones] Base metal prices set to ease in 2006 on changing supply-demand profile outlook, says Australian government forecaster Abare. Producer response to global commodities boom, slowing demand growth to result in $1,648/ton aluminum average in 2006 vs LME 3-month last $1,775, although much depends on Beijing's ability to curtail exports. Copper, now around record $3,400, expected to sink to $2,283 as global stocks rise on falling demand, higher refined metal output. Expected small rise in nickel stocks, firming expectations of significant supply response, likely to send 2006 average to $13,875 vs last $16,200. Forecasts US$1,171 zinc next year from $1,312 last, as consumption slows, increase in concentrates translates into higher refined output. (JAD)
