Base metals to see unequal benefit from China stimulus
Nov 11, 2008 | 11:52 AM
| Anne Riley
China's planned $586-billion stimulus package is expected to boost the consumption and value of base metals across the board, but market participants say some metals are going to see more benefit than others as the fiscal injection takes effect.
Copper and aluminum likely will see the biggest boosts, according to Barclays Capital analyst Gayle Berry, since residential construction and public transportation top the list of infrastructure expansions planned for the nation.
"The range of projects that the government is intending on rolling out means we probably will see every metal benefit, but some more than others, obviously," she said. "Copper will probably benefit the most because it's going to benefit from investments in the building of public and low-cost rental housing."....
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