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Closing gap between fundamentals and demand is key - Goldman Sachs

February 22, 2012 - 14:01 GMT Location: London

KEYWORDS: copper , nickel , zinc , aluminium , Goldman Sachs , China , Europe

Closing the gap between fundamental softness and expected demand strength brought about by monetary policy easing will be the key to price movements in the metals markets going forward, according to Goldman Sachs analysts.

“In early February, metals prices retraced a significant portion of the [January] rally, as a result of renewed fears about Greece meeting its debt obligations, and continued lacklustre Chinese end use demand,” the analysts said. “While we see a limited upside to copper prices in the short-term and closed our long copper trade recommendation on January 31, 2012, we continue to be bullish on the outlook for copper prices into [the second half] and early 2013,” they added. Behind this view is the possibility...

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Capital Markets

May 24, 2012 11:32 CAML launches one plant; looking into launching another
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Aluminium

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Lead & Zinc

May 24, 2012 17:28 Pan American Silver’s revenues up 20% in Q1
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Copper

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Nickel & Tin

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May 24, 2012 05:50 Trafigura will move to Singapore this year
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Comment & analysis

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