They won't want a foothold in Peru if the leftie wins the Presidential race. From Jp Morgan
Base Metal Forecasts Increased by JPMorgan on Fund Investment
2006-01-12 10:29 (New York)
By Simon Casey
Jan. 12 (Bloomberg) -- Cooper and other base-metal price
forecasts were raised by JPMorgan Chase & Co. after the third-
largest U.S. bank said investment funds will continue to buy
commodities.
Copper prices will average $3,898 a metric ton in 2006,
compared with a previous forecast of $3,448, Jon Bergtheil,
JPMorgan's London-based head of global metals strategy, said in a
report today. Aluminum prices will average $2,075, instead of
$1,883. The forecast for zinc was increased to $1,775 from
$1,475.
``Ongoing investment into commodities by broad-based global
funds remains very strong,'' Bergtheil said.
--Editor: Wallace |
