Base metals are analysts' top picks for next year

Singapore

BASE metals win out over bulks as Morgan Stanley's top picks for next year, as President-elect Donald Trump's plans to spruce up the United States infrastructure may reinforce demand from China, with the outlook in the US offering potential for what the bank termed as the "American phoenix".

"Mr Trump's promise to rebuild the US infrastructure is a brand new upside risk for our commodity outlook," the bank said in a Dec 12 report.