Industrial Metals Update Taking stock of 2020 After rising steadily in the first half of the year as virus-containment measures curbed metals consumption, exchange stocks have since started to be drawn down. While this tallies with the robust... 15th December 2020 · 5 mins read
Commodities Weekly Oil prices begin to claw back lost ground Despite the re-introduction of lockdown measures in some US states, industrial commodities prices continued to rise this week on the back of ongoing hopes of a vaccine-induced economic boom next year... 11th December 2020 · 7 mins read
Metals Chart Pack Metals on a tear, for now Industrial metals prices rallied in November. While we expect demand growth to stay strong in the months ahead, on the back of robust economic activity in China, we think that it will slow in 2021 as... 4th December 2020 · 6 mins read
Commodities Chart Pack Vaccines mean higher commodity demand in 2021 A flurry of positive news surrounding effective COVID-19 vaccines gave a lift to most commodity prices in November, as a faster easing of virus containment measures next year should provide a lift to... 1st December 2020 · 7 mins read
Industrial Metals Update Metals prices to run out of steam, despite vaccine We think that the withdrawal of fiscal stimulus in China will offset any vaccine-induced boost to metals demand in 2021. And with supply bouncing back, we expect the prices of industrial metals to dip... 27th November 2020 · 3 mins read
Industrial Metals Update New copper contract could shift pricing power to China The launch of a new copper futures contract in China should help shift pricing power in metals markets towards Asia, but the contract will not immediately become a new global benchmark. 25th November 2020 · 3 mins read
Metals Data Response Global Steel Production (Oct.) Despite the slight fall in China, global steel production continued to rise in October and will probably increase further in the year ahead providing that the rollout of COVID-19 vaccines is... 24th November 2020 · 2 mins read
Metals Data Response Global Aluminium Production (Oct.) Ongoing strength in China’s aluminium production meant that global aluminium output continued to grow in October. And despite the winter environmental restrictions in China, supply there is set to... 20th November 2020 · 2 mins read
Industrial Metals Update China metals demand to taper off in 2021 Ongoing policy stimulus in China should continue to boost investment and industrial output in the coming months. However, we expect economic activity to gradually slow by end-2021 which is why we... 18th November 2020 · 3 mins read
Industrial Metals Update Political gridlock will rein in any Green New Deal The apparent failure of the Democratic Party to win a ‘clean sweep’ in this week’s US election means that many of the policy initiatives and spending proposals made by presidential hopeful, Joe Biden... 6th November 2020 · 3 mins read
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
