Base metal prices expected to increase modestly in 2013

Oct 16, 2012 | 03:10 PM | Fleur Ritzema

Tags  Base metals, Prestige Economics, London Metal Exchange, LME, LME Week, Comex, Fleur Ritzema

LONDON — Base metal prices are likely to rise modestly in 2013 despite risk factors that remain, according to Prestige Economics LLC president Jason Schenker.

Austin, Texas-based Prestige Economics expects the London Metal Exchange aluminum price to average $2,100 per tonne in the first quarter, up from $2,075 in the current quarter and $1,923 in the third quarter of this year, and average $2,250 per tonne by the fourth quarter of 2013.....

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