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Below is Quote On Metal stocks surge in anticipation of Chinese reopening from Antu Thomas, Research analyst at Geojit Financial Services.

Reopening of the Chinese market will be positive for metal companies in the long term. But the short to medium-term trajectory will be determined by worries about global growth, which are unfavourable. The margins of local businesses with international exposure sharply shrank in 9MFY23. Global headwinds, such as high inflation, rising interest rates, and recessionary conditions, pose a threat to the company’s performance in the near term.

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