26.08.2015 - Outlook for base metal prices continues to grow cloudier: BMO
Despite the second biggest price decline in the past 35 years, the outlook for base metals doesn’t look good, says a new report from BMO Capital Markets. “Although prices have tanked, we expect that markets will remain lacklustre or even test lower levels by the end of 2016, given strong headwinds blowing from multiple directions,” BMO said. China and a strengthening U.S. dollar are the two biggest culprits weighing on base metals, leading to a 40-per-cent plunge in the CRB metal sub-index since the most recent peak. Only the price collapse of 2008 has been worse. BMO said there are plenty of signs that despite the pullback, the worst might not even be behind us...............................................Full Article: Source
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