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Morgan Stanley cuts 2013 base metals’ forecasts

Posted on 24 April 2013

Morgan Stanley Research cut its 2013 price outlooks for several base metals on Tuesday, citing a soft patch in global growth, which is being exacerbated by extended destocking in China and the growth of new capacity.
It also lowered its outlook for silver and platinum in 2013, having already cut gold on April 16
The firm cut its 2013 aluminum price estimate to 90 cents per pound or $1,987 per tonne from $2,200 per tonne, citing high levels of smelting production in China and LME stocks of the metal………………………………………..Full Article: Source


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