Base Metals: Short-Term Bounce?

The short-term outlook for metal markets is modestly positive and we highlight aluminium and nickel. Both metals have declined particularly sharply since mid-2011 and with risky assets rallying slightly at the close of the year, we see room for these metals to stage a temporary bounce. However, we would not read much into a strong close to 2011, as trading volumes will remain low until early January 2012. Indeed, we continue to expect metal prices will remain subdued in the coming

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