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Base metals markets significantly stronger now than last year - Metal Bulletin

Posted on 22 October 2010

From Mineweb.co.za: The Managing Director of the Metal Bulletin, Raju Daswani, says “the fundamentals of most base metals markets are significantly stronger than they were at any point last year, with copper and tin particularly tight.”
In a recent presentation, Daswani advised, “These markets have already returned to supply deficits, as has nickel - lead will join them in deficit in 2011.” With a global copper supply deficit forecast for both 2011 and 2012, Daswani predicted copper prices “will remain on a broad upward trend. For 2011 our price forecast is $7,900/tonne compared to our 2010 forecast of $7,375.”………………………………………Full Article: Source


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