Moody’s base metals optimism rises despite seeing price fall back this year

Market analyst and ratings agency Moody’s Investors Service has adjusted upwards its pricing sensitivities for base metals in 2017, but says despite the recent run-up in base metal prices not being sustainable, some of the positive sentiment will remain. Moody’s said Wednesday it expected the market to be more volatile than usual, based on continued high trading activity, as traders and investors responded to changing market sentiment on growth expectations.