Natixis Sees Industrial Metals Climbing as Gold Begins Decline
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Lead will have the biggest gains among industrial metals this year and gold prices will start to decline on mounting confidence the global economy is recovering, Natixis Commodity Markets Ltd. said.
Lead will average $2,575 a metric ton this year, 24 percent higher than in 2012, Natixis said in a report today. Copper’s average price will rise 6.9 percent to $8,500 a ton, aluminum will gain 3.6 percent to $2,125 a ton, nickel will increase 6.6 percent to $18,750 a ton and zinc will advance 9.4 percent to $2,150 a ton, it predicts.