Want to make money in industrial metals next year? Ask China how

News Markets Intelligence Careers Education Buyers Guide News Markets Buyer's Guide Advertise RSS Newsletter The Northern Miner MINING.COM Canadian Mining Journal Sign In Join Profile Sign out Copper Gold Lithium Nickel Commodities Iron Ore Rare Earth Coal Uranium Cobalt Diamond Zinc Platinum Palladium Silver Potash Suppliers Equipment TOP 50 USA Canada Australia Regions Africa China Latin America Europe Asia TNM Maps TNM Marco Polo Bloomberg News | December 13, 2017 | 10:39 am Base Metals China Aluminum Copper Nickel Zinc China supply-side reform holds the key to metals’ outlook Copper, aluminum, steel fundamentals among most discussed (Bloomberg) — Base metals have been hot this year with zinc, copper and aluminum among the leaders, climbing between 15% and 23%. But what about 2018? Where would you invest to make money in industrial metals? Sign Up for the Copper Digest Sign Up China will have the answer. Its supply side discipline can make-or-break industrial metal sentiment for the next year, and will be the main focus for the market. Debates among analysts are heating up on copper and aluminum, while steel, coal and zinc are also creating buzz among the experts. Here are some takes on what analysts are expecting for 2018. Goldman Sachs Bank expects outlook of strong growth in Emerging Markets and “soggy” dollar to favor metals markets. Goldman is most bullish on copper and most bearish on aluminum. Copper is “clearly” at the end of a supply boom, where aluminum has rising risk of a supply response, both inside and outside China. Goldman estimates the three-, six- and twelve-month copper price at $6,750, $6,900 and $7,050 per ton, respectively. Sees iron ore at $60, $55 and $50 per ton for same time period and aluminum unchanged at $2,000 through next twelve months. Morgan Stanley Nickel and aluminium are top picks among base metals. China’s supply reform policies to benefit aluminium, while nickel “has plenty of room” to rise as its mark...

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