Skip to main content

Post-GFC-style revival to continue, for now …

Despite base metals prices already nearing pre-virus levels, we think that the rally has further to run. The key factor underpinning our positive outlook is the planned policy stimulus in China, much of which will take the form of infrastructure spending. Iron ore and steel prices will also benefit from increased Chinese demand, but a gradual rise in supply should still send iron ore prices a little lower in the years ahead. Meanwhile, the price of gold is likely to remain elevated for some time yet given that real yields are set to remain low.

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

Get access