Skip to main content

A note of caution on the recent price rallies

The prices of most industrial metals rose in April, although prices have eased back in the last week. A weaker US dollar, as market expectations of US interest rate rises were scaled back, was a key factor supporting metals prices. Encouraging March economic data out of China was an additional factor. However, with investor sentiment, rather than underlying fundamentals, driving prices, we would caution that some of the recent price rises are overdone.


Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.

By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.