In this presentation, Ian Roper provides an overview of China’s economic recovery and the outlook for metals prices. He notes the global impacts of higher energy costs and inflation on the metals markets as well as the local lockdowns on China’s economy, but that these factors should be improving from the 4th quarter. He also points to China’s property activity as one of the keys to commodities demand recovery domestically.
Ian notes that fund flows into commodities were strong since late 2020, but have reversed slightly since June of this year, providing more headwinds to metals prices. Looking at the battery metals specifically, Ian points to copper’s exposure to the green energy story as a positive influence on pricing in the longer term. He also notes his preference for lithium over cobalt and nickel and shows how lithium prices remained quite resilient this year and that lithium is one of the few commodities with a strong demand story within China itself. This is based mostly on the battery technology shift as China moves increasingly into the LFP space.
Website: www.astrisadvisory.com
Guest:
Ian Roper, Commodity Analyst, Astris Advisory Japan
Mining investment news, insights, and company profiles
China’s 4Q Recovery and the Outlook for Tech Metals Prices – Ian Roper, Astris Advisory Japan
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