10.07.2014 - Base metals return to investors’ radar
At the end of the first quarter only one industrial metal had recorded a positive performance – nickel. By the end of the second quarter nickel was joined by aluminium and zinc. And more could follow – copper and lead, for example, have both recently touched five-month highs. So what gives? The view from the trading floor is that base metals are benefiting from a reallocation of funds into commodities. Macro funds have taken a positive view on commodities, according to traders, while specialist funds have increased positions after a solid second quarter – LMEX, a daily index that tracks the six main metals traded on the London Metal Exchange, gained more than 8 per cent in the three months to the end of June...............................................Full Article: Source
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