Base Metals: 2021 Perspectives


V.B. Kondratiev

Metal experts have seen a big swing in prices and expectations in last nine months .More than 90% of the incremental demand of metals in 2020 came from a single country i.e. China. On the one hand, China stepped up local consumption of metals into infrastructure spending. However, it is highly likely that Chinese intensity of demand for commodities will face a slump. Further, Chinese export growth could cool in 2021 as manufacturers in developed markets recover post vaccination. Can the demand of metals from the rest of the world offset slow Key words: ing Chinese intensity in 2021?

Keywords: base metals, price volatility, supple and demand perspectives

Russian Mining Industry №1 / 2021, p.14