NEW YORK (TheStreet) -- Based on fundamental factors of base metals and macroeconomic aspects, we provide the second quarter outlook for base metals -- aluminum, copper, zinc, lead and nickel. Furthermore, we present four base metal stocks which have potential upside based on average analyst consensus estimates.
Performance Base Metals
Base metals ended 2011 first quarter on a mixed note with single-digit percentage gains in nickel, lead and aluminum, and modest losses in zinc and copper. Unrest in the Middle East and North Africa, and implications of the catastrophic events in Japan has piled pressure on prices. Heightening demand uncertainty ballooned inventory across the entire base metals complex, except nickel.
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