Quote on Industrial metals Update By Mr. Yash Sawant, Angel One Ltd
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
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.
Above views are of the author and not of the website kindly read disclaimer
Tag News
Quote on Silver : Silver price falls in recent weeks Says Prathamesh Mallya, Angel One
