Metal prices should recover next year after having tumbled to multi-year lows recently, says a Commerzbank report. “The price slide was exacerbated by speculative financial investors who either withdrew from metals in grand style or stepped up their bets on falling prices,” the report says. “We, therefore, regard the price slide as exaggerated.” It adds that the metals market have by now priced in a “hard landing” for China, which is unlikely to happen. Instead, the Chinese economy is likely to cool in a controlled manner.

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