0014 GMT [Dow Jones] Demand for base metals will rise in developed economies this year but uncertainty surrounds emerging markets, National Australia Bank says in a report. "Subdued end-user demand is expected to persist for the time being limiting any significant price gains for copper and aluminum in particular although the later may see ongoing support from supply uncertainties and optimism on demand stemming from the auto-manufacturing sector," the bank says adding that underlying fundamentals in lead and zinc remain positive relative to other metals. LME three-month copper ended 1.1% Friday at $6,719/ton while aluminum finished 0.02% higher at $1,785.50/ton. LME was closed on Monday. (arpan.mukherjee@wsj.com)
(END) Dow Jones Newswires
May 05, 2014 20:14 ET (00:14 GMT)
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