| Base metal markets face a period of transition as quantitative easing in the US gives way to tapering and fundamentals return to play a more prominent role in driving prices, Standard Bank said in its base metals report produced for the 2013 LME dinner.
"As QE in the US gives way to tapering and a slow normalization of monetary policy, real consumption now has to emerge if commodity prices are going to be supported," Standard Bank said in the report. The bank notes that the "liquidity fueled era" that started in 2009 saw base metals surge to multi-year highs and dislocated the traditional link between fundamentals and prices...............................................Full Article: Source
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