China Blamed For Weak Metals Prices, But Watch For Rise In Certain Commodities

Electricity could provide strength for sagging prices of key metals such as aluminum, copper and zinc, a commodities research report from Capital Economics says, while lower energy prices occur as the price of natural gas could divert and head higher on a relative basis.

Weak China demand yet again is the culprit for lower metals prices

In its weekly recap of commodity markets, editors Caroline Bain and Julian Jessop note the precipitous decline in industrial metals. On November 14, 2014, the price of copper stood at just over $3 per pound and today that price has been cut by nearly 1/3, trading near $2.06 per pound...