Copper reasserts itself as leader of the complex

摘要

Meanwhile, on the economics front, industrial production is showing more signs of easing in most key economies, which confirms our long-held expectations that the global economy is entering a period of slower, although still positive, growth. However, even with a modest slowdown fully factored into our forecasts, the base metals markets will largely remain very tight again next year. Add in the now all too real risk of a production disruption or two, and a deficit market situation is never far away. Indeed, for zinc - still our top pick of the complex - a further serious supply deficit seems unavoidable in 2007.