Base metals outlook - steady cash flow due to sticky LME prices

摘要

India Ratings and Research (Ind-Ra) has maintained a stableoutlook on the base metals sectorfor 2HFY19. Within the sector,aluminium prices are expected tolargely hold firm at the currenthigh levels on the back of a netglobal deficit (ex-China), whereaszinc prices are likely to facedownward pressure with thegradual commissioning of newcapacities and resumption ofidled mining capacities.