UBM - Metals Update: Tight Or Not?
Tight, Cathe Hendrick (Saatchi Art)
Introduction
In this regular note, I wish to provide a discussion on the degree of present fundamental tightness/looseness across the industrial metals, which will allow me to assess the investment case for the Invesco DB Base Metals ETF ([[DBB]]), the leader among industrial metals ETFs . Although the fund is mostly invested in zinc, copper, and aluminium, I will review the fundamental dynamics across the 6 major base metals - namely, zinc, copper, aluminium, lead, nickel, and tin.
To do so, I intend to look at a series of