This week is London Metals Week, the annual gathering of the great and the good in the global metals industry in London. Hosted by the London Metals Exchange, it is an excellent source of intelligence for investors on where the global metals industry is positioning itself, as well as likely supply and demand mechanics that could impact prices in the future.
London Metals Week tends to focus on the industrial metals like copper or zinc, rather than gold, which continues to enjoy a bull run. We sat in on a panel discussion that discussed the hot topic of which industrial metal is likely to be the best performer for traders in the next 12 months, and oddly enough it was not silver.
In this article we make the bull case for the metal which ended up receiving the near unanimous backing of the traders in the room on the first day of the conference.
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