Bloomberg Businessweek
UBS Forecasts Aluminum at $1.01 a Pound in 2012, $1.15 Next Year
Edited by : AL CIRCLE
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UBS AG said aluminum 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.
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.
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