China still driving base metals growth
Apr 18, 2012 | 03:12 PM
| Thorsten Schier
Tags
base metals,
commodities,
Citibank,
Daniel Ahn,
wells fargo,
Aryam Vazquez,
thorsten schier
NEW YORK — Global demand for base metals will become increasingly tied to economic growth in China as the country remains both the world’s largest consumer of metals and a leading driver of the global economy, according to industry analysts.
"Metal prices are 80 to 90 percent a China story," Daniel P. Ahn, senior economist and head of commodity portfolio strategy for Citibank Global Markets Inc., said Wednesday at the 2nd Annual Commodities Investing Summit hosted by iGlobal Forum in New York.....
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