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Non-ferrous metals: forecasts for 2014 are improving

According to preliminary estimates of the British company «Triland Metals» situation in the non-ferrous metals market in 2014 improved somewhat, despite the rather difficult moments, which can be attributed, and a large number of stocks on the London Metal Exchange, and a reduction in the growth of the Chinese economy, and other factors. The optimism shown by analysts associated with the certainty that the reduction in economic growth in China is not so critical that to world demand, then the market recovery in the West, it will not only increase, but will decline the pressure caused by excessive production of non-ferrous metals.

The copper and zinc industrial areas already noticeable some tension that almost guarantees a rise in prices. red metal surplus proposals will fall to 221 thousand tons, whereas the previous forecast called the figure of 480 million tons, demand the same from 2011, will be at its peak. Despite the fact that the metal production is projected to be quite stable, with scrap situation is somewhat worse. As for zinc, the proposal to 240 thousand tons reduced to 80 thousand.

tin market is showing a lack of supply, which is not surprising given the limited investment in the production of this metal over the last ten years, in addition to the situation is influenced by the new regulation in China and Indonesia, and in Peru there is quality of raw materials decline, and this inevitably leads to freezing fields by 2017. In the case of a stable demand for tin quotes may well grow.

The situation with the lead more or less stable, analysts predict a lack of its proposal in the amount of 60 thousand tons, previously announced by the price remains at the same level.

The most unstable situation observed in the nickel market, which is associated with high levels of previously melted metal. Despite the fact that in 2014 godu can expect to reduce the production and restrictions on exports of nickel ore from Indonesia, these factors are unlikely to sufficiently affect the growth of the nickel values.

In the market of precious metals used in industry, is expected to price volatility, which will depend largely on investors as the most stable palladium can be called as a shortage in its market at least there for 14 years, and this year is no exception. Increased demand ensures growth of the 650−790 USD price per ounce to 700−800 USD.

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