fxstreet.com 09 Feb, 2021 08:45 am

The “greening” of the global economy is a medium-term positive for metals – CE

The “greening” of the global economy is a medium-term positive for metals – CE
The latest rally in many commodity prices has prompted some commentators to herald the arrival of a new commodity supercycle but history suggests that

FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.The latest rally in many commodity prices has prompted some commentators to herald the arrival of a new commodity supercycle but history suggests that prices will fall back as stimulus is withdrawn.The latest rally in commodity prices is reminiscent of 2009-10 in that it has been fuelled by strong Chinese demand.

We expect that this is likely to run out of steam later this year, as stimulus is withdrawn, and that prices will fall back.Key quotes “We do not think we are at the beginning of a new commodity price supercycle.

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