BASE METALS

Base metals rally just another dead cat bounce?

BASE metals seem to be approaching a fork in the road, with ICBC Standard Bank saying prices could climb through a period of consolidation, but there was still the likelihood of significant risks pushing prices lower.

Forecast aluminium deficits have been trimmed, as have ICBC Standard Bank's price forecasts. Image: iStock/happylemon

Forecast aluminium deficits have been trimmed, as have ICBC Standard Bank's price forecasts. Image: iStock/happylemon

The bank's commodities strategist Marcus Garvey said in a note Friday that price forecasts had been revised lower across the board to reflect a mark-to-market exercise rather than supply-demand model changes. ...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.