Bloomberg reported that Red Kite Capital Management LLP’s head of research, Michael Jansen, considers tin as the top pick among base metals for this year.
As quoted in the market news:
Tin, the best performer last year among six industrial metals traded on the London Metal Exchange, gaining 22 percent, climbed to an 11-month high of $25,100 a metric ton yesterday. Copper gained 4.4 percent last year and traded at $7,982 a ton at 4:23 p.m. in Shanghai. The metal is in a moderate uptrend, although it will fall back “quite quickly” this year, he said.