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Metals will continue to soar in 2010
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Tuesday, January 12, 2010
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From Mineweb:

In its annual full-year forecast for 2010, the Raw Materials Group (RMG) expects metal prices to have bottomed out and 2010 to be another year with high metal prices. A falling market has been replaced by a market with physical demand and likely strong speculation over prices.

Entirely in line with last year's RMG forecast, all metals except gold fell during 2009 compared with 2008. RMG believes that the metal price bottom for this period of economic downturn was passed early in 2009 and for 2010 RMG forecasts another year of volatile metal prices with a mean price below the current day level for most metals.

The two dominant factors which led metal prices to show a strong upturn from the bottom levels of 2009 are...

Read full article...
 
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Topics: Precious Metals | Commodities
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