CA - Industrial Metals Monthly: China's 2024 Economic Goals Disappoint

2024-03-07 10:00:00 ET

Summary

• Our monthly report looks at the performance of iron ore, copper, aluminium and other industrial metals.
• In this month’s edition, we take a closer look at iron ore and nickel - the worst and the best performers in the complex.
• Looking ahead, we believe nickel prices are likely to remain under pressure, at least in the near term, amid a weak macro picture and a sustained market surplus.

By Ewa Manthey

YTD metals performance %

China's 2024 economic goals disappoint

Industrial metals have mostly struggled this year amid a disappointing recovery in China, with a property downturn and weak manufacturing continuing to weigh on prices....

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