Not Just Gold – Base Metals and Uranium Surging Too
Source: Mineweb (2/24/07)
...new records have been set for nickel, lead and uranium. The effect on commodity mining stocks has also been dramatic with gains on major exchange indexes again being commodity-led...
For base metals, price patterns are perhaps more predictable as they rely to a far greater extent on industrial supply and demand than gold and silver. Analysts look at mining company predictions for projected growth, or fall, in output, estimate the demand base and set their predictions accordingly. Being cautious animals, most of the analysts tend to be conservative on demand patterns and perhaps too strong on production estimates, which frequently do not meet company predictions.