(Bloomberg) -- Calyon, the investment banking unit
of Credit Agricole SA, raised its forecast for lead prices this
year by 43 percent to an average $2,620 a metric ton, while it
lowered its projected nickel price.
``Our expectations for lead prices are still very bullish,
largely driven by the continued underperformance of Chinese
metals' exports,'' Michael Widmer, head of metals research at
Calyon in London, wrote in a report yesterday. Calyon, one of 11
companies that trade on the floor of the London Metal Exchange,
earlier forecast the metal would average $1,830 a ton in 2007.
Read more at Bloomberg Commodities News
of Credit Agricole SA, raised its forecast for lead prices this
year by 43 percent to an average $2,620 a metric ton, while it
lowered its projected nickel price.
``Our expectations for lead prices are still very bullish,
largely driven by the continued underperformance of Chinese
metals' exports,'' Michael Widmer, head of metals research at
Calyon in London, wrote in a report yesterday. Calyon, one of 11
companies that trade on the floor of the London Metal Exchange,
earlier forecast the metal would average $1,830 a ton in 2007.
Read more at Bloomberg Commodities News
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