citibank raise base metal price forecasts/article Subject: World-wide price increase of zinc and aluminium
A recent forecast report made by Australian branch of Citibank points out that there will be a big price increase of zinc and aluminium in 2005 resulted from the insufficient raw material supply and climbing demand from China. Meantime, this report also adjusts the price forecast for nickel, plumbum and copper to a higher level. This report boosts the forecast price of aluminium by 3% to USD 1938/MT and by 11% for zinc to USD 1146/MT. (Frankshen Feb. 13)
Reporter: Frankshen
http://www.yieh.com/Mnewsc.asp?No=10022
I agree with CitiBank on most of it's forecasts but I think they may have plumbum prices wrong.
IMHO plumbum prices will be lookig very smelly soon! lol.
(Sorry I couldn't help myself:)
Cheers.
citibank raise base metal price forecasts/article Subject:...
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