Pratima Desai Reuters for Commodities Now
"Metal producers should steer clear of using forward prices to assess potential profitability of new projects or for budgeting purposes as this could lead to misleading conclusions. Instead they could look at long-term price forecasts or use consultants. However, there are times when a producer without in-house research or unable to pay consultants, has little choice. In this case results should carry a health warning. The debate has heated up again because industrial metal prices in recent weeks have rallied. "
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