VANCOUVER — It’s been a tough run recently for many people involved in base metals and industrial commodities. Structural recessions among leading global economies have combined with oversupply concerns to drive down spot prices for copper, zinc and metallurgical coal.
Over the past six months, however, the outlook for industrial resources has seemingly begun to shift. Copper has bounced off lows near US$2 per lb, while both iron ore and metallurgical coal have staged material short term recoveries. Zinc prices have surged to nine-year highs. The Northern Miner has compiled various reports from major Canadian mining analysts to outline a broad sentiment on industrial markets heading into the new year.
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