Will copper continue to rise? Copper’s relentless rally from March 2020 lows has seen prices rise by almost 50% from pre-pandemic levels to almost $9,500. The rally accelerated in February amid bullish forecasts from banks including Goldman Sachs, who expect prices to hit record highs of $10,500 within the next 12-months. Deficit expectations, low visible […]
March 3, 2021
Will tin bounce back or continue to drop? The LME 3-Month tin price gained up to 35% in early 2021 amid unprecedented global physical supply tightness. Nearby spreads hit extreme backwardations amid low global inventories. However, prices eased sharply in recent days amid aggressive selling; Investors fear an easing of metal shortages in the coming […]
March 2, 2021
Seasonal Slowdown for china? China’s New Year Holiday will officially take place from 11th-17th February this year. We expect a seasonal slowdown in China industrial activity and strong metal inventory growth in February. However, a strong rebound in downstream activity is likely in the following months amid supportive fundamental drivers. China policy tapering remains a […]
February 8, 2021