Last Updated : 10 December 2011 at 01:30 IST
‘Copper to hit $9,050 and aluminium to hit $2,600 in 2012’
Aluminum and copper to fare best in the industrial base-metals complex that could be held back by Chinese economic growth in the next few months, said Deutsche Bank said in its final weekly commodities report of 2011.
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LONDON (Commodity Online): Aluminum and copper to fare best in the industrial base-metals complex that could be held back by Chinese economic growth in the next few months, said Deutsche Bank said in its final weekly commodities report of 2011.
“We believe the sector will continue to face headwinds as Chinese growth slows into the first quarter of next year. Of the LME metals, we continue to favor aluminum and copper, which we expect will perform well in the event of monetary easing and fiscal stimulus in China,” bank added.
The bank forecasts $8,700-per-metric-ton copper in the first quarter of 2012 and $9,050 for the full year. Deutsche Bank looks for $2,500 aluminum in the first quarter and $2,600 for the full year.
