Our Metals Chart Pack has been updated with the latest data and our analysis of recent developments.
Industrial metals demand will recover this year, boosted by rate cuts and stabilising economic growth in advanced economies. In addition, construction activity in China is robust and we think support for property developers will stabilise the sector and generally support base metals prices in 2024. That said, recovering supply will cap price rises for some metals such as aluminium and nickel. Meanwhile, there is some room for precious metals prices to rise further due to Fed interest rate cuts.
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