| I'm a little bit more optimistic for the base metals. In fact, I think when you look at the average prices this year you'll discover that prices late this year are actually higher for most of the base metals than they were late last year. The one exception to that is copper, which is a little lower than it was in late 2013.
If you look at zinc, it was trading at about US$1 per lb. on Dec. 1, and the LME official cash settlement price at the end of 2013 was US89.03¢ per lb. Aluminum is averaging US95¢ per lb. this year and in December 2013 it averaged US78.8¢. Nickel is averaging US$7.30 per lb. and it was US$6.30 per lb. in December 2013. So many of the base metals, with the exception of copper, have actually edged up this year and it's on fundamentals and despite vey lackluster global economic conditions...............................................Full Article: Source
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