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.
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