LONDON (Commodity Online): At a time when the world is going ga-ga over gold’s soaring tales, most of the investors are forgetting the fact that other metals have performed far better than the yellow metal.

Take the case of Nickel, which is up almost 200% from its low at the end of last year. Again, Zinc is 176% up and Copper almost 110%.

After such rises, one would not think there was much upside left. But Royal Bank of Scotland has just released its latest commodity companion, which speculates that copper will hit record levels in 2013.

This is based on a world gross domestic product rebound of 36% next year. But such has been the rebound, the bank is expecting commodities to pause for some time before tracking upwards again.

The surprise metal is aluminium, which has rebounded only 40% from its low. Taking the anticipated economic growth into account, together with the fact that Aluminium has rebounded the least, it is this metal which may well have the greatest upside over the medium term.

With these sort of show by other metals, it is time for investors to flock to nickel, Zinc and Copper rather than following gold.

Meanwhile, India-focused mining group Vedanta Resources posted a 15.6% rise in Q2 output of refined zinc and a 27.3% increase in Iron Ore its 2 most important minerals.

The firm said that refined zinc production rose to 141,000 tonnes in the 3 months to end September while saleable iron ore output gained to 3.26 million tonnes.

In the Q1, zinc accounted for 44% of earnings before interest, tax, depreciation and amortization and iron ore for 24%.

In July, Vedanta said that Q1 core earnings more than halved despite higher production after a sharp decline in metals prices.

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