Summary of UBS Forecasts for Metals in 2012

Aluminum , Copper , Metals , Stainless Steel Jan 21, 2012 No Comments

UBSUBS AG said aluminium will average $1.01 a pound this year and $1.15 a pound next year, with demand growing faster than supply next year.

Copper’s average will fall from $3.60 a pound this year to $3.20 a pound next year when supply and demand will be in balance after a shortage this year, Peter Hickson, an analyst at the bank, said in a report dated today. Nickel will strengthen throughout 2012 and average $8.98 while zinc falls from $1.03 a pound this year to $1 a pound next year, according to the report.

via UBS Forecasts Aluminum at $1.01 a Pound in 2012, $1.15 Next Year – Businessweek.

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Rod Sherkin

Rod is a former senior executive, responsible for Purchasing, for both Pillsbury and Ball Packaging back in the 80’s and 90’s. Since then, he has continued to work in the Purchasing field as both a consultant and founder of the website

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