The prices of industrial metals are likely to remain firm in the first half of the year, although we do not expect large gains. In the second half, most prices should drop back as the global economic recovery disappoints, the appetite for risk fades, and the US dollar recovers some ground. In contrast, gold and platinum group metals should rise further due to a revival of safe haven demand and production cuts respectively.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services