MARKET TALK: Base Metals To Stay High For Foreseeable Future

Base metals prices are likely to remain high for the foreseeable future, says Merrill Lynch Commodities managing director Craig Tuckman, and this will have a significant impact on metals that take time to move from exploration to mining stage. How deep the price pullback will eventually be remains to be seen, but a reversion to the mean is not likely, he adds. "Over time, supply and demand will rebalance," he notes, speaking at the World Mining Investment Congress in London.