Industrial Metals Update Strong Asian electronics exports to support prices The recent strength in Asian exports reflects sustained growth in global electronics demand, which has been a factor underpinning the recent rally in industrial metals prices. We expect electronics... 4th November 2020 · 2 mins read
Metals Data Response Global Steel Production (Sep.) Growth in global steel production accelerated in September. However, all the growth was in China’s output. It looks increasingly likely that a revival in production elsewhere will have to wait until... 23rd October 2020 · 2 mins read
Industrial Metals Update China’s economic activity boom to support prices The rapid bounce-back in construction and industrial activity in China, reflected in our revamped China Activity Proxy, looks set to continue in the coming months as additional fiscal support is... 22nd September 2020 · 2 mins read
Metals Data Response Global Aluminium Production (Jun.) Global aluminium output growth slowed slightly in June. However, given the colossal hit to demand seen in the first half of the year, we still expect the market to be hugely oversupplied this year. 20th July 2020 · 2 mins read
Australia & New Zealand Chart Pack Economies coming roaring back Restrictions on activity have lifted in both countries. While some states in Australia still limit the size of groups and capacity at restaurants, New Zealand has now lifted all domestic restrictions... 30th June 2020 · 10 mins read
Industrial Metals Update US-Canada aluminium spat could worsen oversupply Reports that the US is considering rescinding Canada’s exemption to its 10% tariff on aluminium this week are unlikely to have much of an impact on the metal’s price. But such moves have the potential... 24th June 2020 · 3 mins read
Metals Data Response Global Steel Production (May) In a pattern that has become all too familiar, steel output grew in May in China but fell sharply elsewhere. We expect steel output both in and outside China to pick up in the months ahead, but not by... 22nd June 2020 · 2 mins read
Metals Data Response Global Aluminium Production (May) Global aluminium output growth picked up a little pace in May. With demand in China now increasing quicker than we had previously expected, it is likely that Chinese aluminium output will continue to... 22nd June 2020 · 2 mins read
Industrial Metals Update A minor star called tin We have turned more positive on the outlook for the price of tin. China’s demand is coming back strongly after a virus-related slump and, in the more medium-term, tin will benefit from its heavy use... 19th June 2020 · 4 mins read
Industrial Metals Update Turning more positive on base metals We think that the recovery in equity prices has further to run, and now expect an even swifter economic rebound in China. Accordingly, we have raised our base metal price forecasts, which now show a... 18th June 2020 · 3 mins read
Metals Focus Wounded auto sector could haunt palladium for years We expect the palladium market to remain in a deficit this year as both demand and supply plummet. Palladium supply should bounce back reasonably quickly, but the medium-term outlook for palladium... 4th June 2020 · 15 mins read
Metals Chart Pack Recovery in industrial metals has further to run May was a good month for metals prices. The ongoing revival in economic activity in China helped to lift the prices of most industrial metals, while investment demand for precious metals remained... 3rd June 2020 · 7 mins read
Industrial Metals Update Oversupply is far worse than exchange stocks suggest Exchange stocks are best used to judge the breadth of the downturn in metal demand, rather than the depth. With that in mind, we think that exchange stocks will help to tell us when demand for metal... 3rd June 2020 · 4 mins read
Industrial Metals Update Are China’s smelters starting to struggle? So far, there is only limited evidence that a lack of raw material is constraining output at Chinese smelters. But we think that will change in the months ahead. In our view, output is still most... 29th May 2020 · 5 mins read
Industrial Metals Update China infrastructure splurge to prop up iron ore price The fiscal stimulus announced today at the National People’s Congress in China failed to make much of a splash in metals markets. Nevertheless, we think it will underpin stronger iron ore demand this... 22nd May 2020 · 2 mins read
Metals Data Response Global Aluminium Production (Apr.) Global aluminium output growth slowed further in April. However, with demand in China now picking up as its economy emerges from lockdown, the possibility of substantial output declines there appears... 20th May 2020 · 2 mins read
