China’s Stimulus Measures Will Weigh on Industrial Metals
China was recently in the throes of a pandemic-related economic malaise, and that, in effect, could put pressure on industrial metals as demand weakens. Until the economy can get back on track, industrial metals will face pressure. “We believe metals will stay under pressure in the second half of the year as the sluggish recovery in China will likely continue to weigh on demand, with most industrial metals remaining dependent on economic stimulus from the world’s biggest consumer of metals,” the report said. “However, if China introduces stimulus measures, in particular for the property sector...