The next metal winners

The next metal winners. China's move away from a heavy industrial economy has led to bear markets in everything from iron ore to coal. It's also created opportunity in the overlooked minerals that will feed its next phase of growth. According to Michael Elliot from Ernst and Young's mining practice there's a transition going on and the winners are likely to be Aluminium, Copper and Zinc. We are seeing a transition, we'll see aluminum make a bit of a resurgence, copper will clearly be there and probably zinc will continue to rise. Bloomberg reports that a typical washing machine contains about 7 kilograms (15 pounds) of aluminum and 2 kilograms of copper, putting those among the commodities on the upswing. Refrigerators typically have about 7 kilograms of copper and 4 kilograms of aluminum. A typical home needs around 125 kilograms of copper in wiring, tubes and other hardware. Notwithstanding copper's 12 decline this year on global growth concerns, the metal is forecast to jump 21 percent, according to median price forecasts for 2015 compiled by Bloomberg. (VIEW LINK)


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