AWC

MRE: Resources (Metals) Sector Momentum


The recent moves in base metal prices have taken the spot prices well above Macquarie Research Equities (MRE) previous annual forecasts for 2006. As a result MRE has decided to strongly raise many base metal price forecasts for 2006-2007. In turn MRE has a preference for for Alumina (AWC) as a high quality, leveraged aluminium play and Oxiana (OXR) and Kagara Zinc (KZL) for copper and zinc exposure.

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