Quote on Industrial metals Update By Mr. Yash Sawant, Angel One Ltd
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Below is quote on Industrial metals Update By Mr. Yash Sawant, Research Associate, Angel One Ltd.
Uncertainties arising from China
The ongoing property crisis, stern energy usage limitations and the recent spike in power prices around the globe has hampered the economic recovery in China, the largest metal consuming economy.
Boost in demand for Industrial metals given the resumption in global economic activities and the massive US infrastructure bill has created a supportive environment for the entire pack in the recent months.
Prices also found some strength as limited supply from China and depleting inventories across exchanges continued to hint towards a tight supply.
However, dismal demand from China remains a major setback for the Industrial metals complex.
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