Twelve Month Review on Metals Rankings

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Top place goes to aluminium, which is expected to be 12% higher than at end-June 2008, followed by platinum, palladium, silver and gold.

In its latest monthly review of the metals markets, Fortis Bank (which produces the study in conjunction with VM Group) comes up with a series of price forecasts over a range of time horizons. Based on the closing prices of June 2008, the forecast for prices twelve months thereafter points to an underperformance by the non-ferrous metal sector (with the notable exception of aluminium), in comparison with the precious metals. Of the ten metals reviewed (along with plastics and steel, but for the purposes of this examination only the metals are considered), seven are expected to finish June 2009 at lower prices than current levels, with just three closing higher.

Top place goes to aluminium, which is expected to be 12% higher than at end-June 2008, followed by platinum, palladium, silver and gold.

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