Three-month copper slumped 2.3% on the London Metal Exchange, leading the decline for base metals.
In base metals, copper imports actually set a new record of 406, 937 metric tons.
For ETFs, he recommends PowerShares DB Agriculture Fund (DBA) and PowerShares DB Base Metals Fund (DBB).
The six LME base metals all hit multi-month highs somewhere between mid-September and early October.
FORBES: Base Metals Slide In Recent Weeks On Demand Worries; Better Days Seen Ahead
He will be replaced by Andrew Mackenzie, currently head of the company's base metals business.
The result is that the prices of base metals may stay higher for longer.
In terms of base metals, we have probably seen most, if not all, the downside.
However, the losses in platinum so far Wednesday exceed that of gold, silver and the base metals.
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Copper prices should also outperform the rest of the base metals complex because of the tight supply situation.
Each dot represents either a gold and precious metals project or a base metals and iron ore project.
Metals traders monitor forex developments closely since they have the potential to influence both precious and base metals prices.
The Chinese data prompted selling in industrial base metals, and this spilled over into the precious complex, Meger said.
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The firm forecasts global base metals demand growth will rise 5-6% in 2013.
Meanwhile, the profits of publicly traded companies in base metals such as copper, aluminum iron and nickel are up 6%, on average.
It is not just the price of gold that has been rising: so, too, have the prices of precious and base metals.
The data covers precious and base metals futures and options on the Comex division of the New York Mercantile Exchange and the Nymex.
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For the industrial base metals, however, the bank said there are doubts about the durability of QE-induced gains when global PMIs are weak.
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The resource possibilities in Northern Quebec are considered unique as a variety of precious and base metals can be mined in the same area.
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In Ecuador Turner and Ecclestone recommend Aurelian Resources, a Canadian gold, silver and base metals exploration company that controls 235, 000 acres of mining concessions.
The move is bearish for base metals since it does not do enough to stimulate economic demand which is necessary for those industrial metals.
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So, although this version of the philosophers' stone may not actually turn base metals into gold, it could yet end up, metaphorically, making some.
However, aside from copper, many of the base metals have already fallen near their marginal cost of production, which should provide a floor, Bhar added.
Further, several analysts said the long-term direction of copper and other base metals will hinge more on the economies and demand from major consuming nations.
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The base metals could fall further, said both RBC and Melek.
FORBES: Base Metals Slide In Recent Weeks On Demand Worries; Better Days Seen Ahead
They will be minted in gold, silver, bronze and base metals.
Or you can take a look at the PowerShares DB Base Metals (NYSE: DBB) ETF, which has exposure to futures contracts on aluminum, zinc and copper.
All of these central banks undertook steps aimed at boosting their economies, thereby improving investor confidence in so-called riskier assets at the time, including base metals.
FORBES: Base Metals Slide In Recent Weeks On Demand Worries; Better Days Seen Ahead
March-April data for other base metals showed an average demand decline of 6.7% year on year, although this was less than the 10% fall Barclays had expected.
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Supply of things like base metals, oil and rubber is crimped after years of underinvestment in mines and oilfields and farms, he says, so prices are heading up.
The strongest sector was base metals, with lead imports in August rising 51 percent year over year, supported by very strong demand from lead acid and battery makers.
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