Rally in Base metals

Hi,

There has been a renewed rally in the base metals and precious metals. Base metals are strong as compared to precious because of supply concerns. There has been a long period when there is no investment in these areas and so new supply will take 3 to 4 years more to get into the market. In the mean time progress and development in China as well as India caused the demand of base metals (specially Copper and Zinc) to shoot up.
There is a mismatch and prices are shooting up. The result is companies like Hindustan Zinc and Sterlite are sitting on Gold mines ( sorry Zinc mines ) are making huge profits.
Looking extremely short term on friday there has been a correction in metal stocks, international prices zoomed further so today monday will see some good action in metal stocks like Hindustan Zinc , Sterlite, Nalco and Hindalco. There been news about storm monica causing disruptions in production of some Aluminium plants. Further, will be posted.

Thanks