| Debate over credit or fundamentals is driving gains for zinc, nickel and aluminium. Very few investors expected to see metals prices outperform other commodities this year. Now, the big question is whether the stellar gains seen for the likes of zinc, nickel and aluminium mark the start of a new bull cycle.
Debate over the outlook for metals prices largely reflects whether China’s current stimulus is more credit driven or based on fundamental demand. Last month Goldman Sachs warned that demand growth this year “is purely driven by China’s credit stimulus”...............................................Full Article: Source
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