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)

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.