Zinc and copper most likely to see gains in 2016

Zinc and copper are the most likely metals to see price increases next year while aluminium is the overwhelming choice for further declines, an informal poll by Macquarie showed on Monday. Zinc was the choice of 36 percent of several hundred people attending a Macquarie presentation during industry gathering LME Week when asked which metal had the most chance for gains on a 12-month view.
Copper was second, with 28 percent wanting to take a long position while nickel got 18 percent of votes. Looking at downside potential, aluminium won the snap poll hands down with 58 percent, with copper a distant second with 16 percent and nickel third at 12 percent.