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Base metals ready for fundamental shift

Commodity markets have had a solid 2017, with global economic growth at its strongest since the financial crisis. For 2018, Macquarie forecasts a move away from predominantly macroeconomic drivers aback to supply and demand fundamentals.

Base metals ready for fundamental shift Base metals ready for fundamental shift Base metals ready for fundamental shift Base metals ready for fundamental shift Base metals ready for fundamental shift

Best performer: zinc reached a 10-year high in October

Macquarie chief economist and global head of macro research Ric Deverell said at the bank's LME base metals summit that, with growth strong and expected to remain above average going into next year,