Looking for the 2024 outlook reports? Visit spglobal.com/BigPicture > Introduction As the global economy began recovering from the pandemic in the second half of 2020, the metals and mining sector benefited from rebounding prices. Demand for most metals was driven upward by the release of pent-up consumer spending, new government stimulus efforts and an accelerating global ener...
READFor most of June, iron ore prices traded above US$100 per tonne for the first time since August 2019. Strong Chinese demand was fueled by a sharp expansion in steel production, with a record monthly high breached in May. The prevailing tightness in supply has also underpinned high prices, with Brazilian exports at reduced levels amid a surge in coronavirus infections. Despite i...
READMetals prices continued to rally in May and June, spurred by a rebound in Chinese demand and lockdown measures easing in the U.S. and Europe, as major economies began reactivating. Iron ore was the standout performer, trading at 10-month highs above US$100 per tonne through June. Bullish sentiment also helped to drive base metals prices higher, although upward momentum was temp...
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