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SUCYNon Dec 28, 2009 9:26am
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Good news for L.Lake
Good news for L.LakeCommodities to rise in 2010
Brendan Ryan |Mon, 28 Dec 2009 11:25
[miningmx.com]-- BOTH UK research consultancy GFMS and UK brokers Fairfax IS(Fairfax) have turned bullish on forecast metals demand from Chinaduring 2010, with Fairfax also predicting strong gains for miningequities.According to Fairfax’s outlook for 2010, “mining equities are set tostorm through the 2010 earnings season driven by strong gains fromcommodities, currencies and rationalisation gains”.The Fairfax report said better news was coming from the United Statesand China. It added commodity prices “look set to gain further asglobal growth recovers from the shock of the credit crisis.