RESEARCH: Fundamentals key to determining medium- to-long-term metals price trends

Quotes from Standard Chartered:

- Our sense of market sentiment is that investors remain very cautious about any reversal of price trends, and that investment decisions tend to be determined by macro data rather than metals fundamentals for now.

- While metal prices could be volatile at current levels, we reiterate our view that fundamentals are key to determining medium- to -long-term price trends.

- Reports from key producers suggest that orders from Asia have been particularly strong in Q3, and this should support prices from a fundamental point of view.

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