| Commodity prices took a sharp downward turn in 2013, but the good news appears to be that it will not get any worse in 2014. According a recent report, analysts at Moody’s Investors Service say that average prices for aluminum, copper, nickel and zinc have bottomed, but that “prices in 2014 will on average be lower than 2013 levels.” That is due to the relatively high prices in force at the end of 2012.
Producers of these base metals will do what all miners are doing: focus on lowering costs and reducing capital spending. Increases to operating costs are expected to moderate, and the focus on cost savings will help offset the lower expected prices...............................................Full Article: Source
|