Rally in Base Metals Is Starting to Look Pretty Extreme: ChartBy
To get a sense of the momentum behind the current rally in base metals, take a look at the relative performance of other commodities in the past 12 months. Bloomberg’s Industrial Metals Index has advanced almost 30 percent, while gauges for energy, agriculture and precious metals are negative. The weaker dollar, efforts to rein in supply and China’s economic growth have fueled the gains.
— With assistance by Eddie Van Der Walt