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Industrial metals price rally could be short-lived, says Wood Mackenzie

The price of most industrial metals will likely slide over the coming year as the financial support underpinning current demand begins to ebb, analysts at natural resources consultancy Wood Mackenzie have said.

Industrial metals price rally could be short-lived, says Wood Mackenzie Industrial metals price rally could be short-lived, says Wood Mackenzie Industrial metals price rally could be short-lived, says Wood Mackenzie Industrial metals price rally could be short-lived, says Wood Mackenzie Industrial metals price rally could be short-lived, says Wood Mackenzie

Copper prices have risen in the COVID aftermath but will fall again next year as demand falls away and supply comes back onstream

Speaking on a webinar on Wednesday afternoon, WoodMac's global head of metals Simon Morris said while huge stimulus packages had buoyed the market following the COVID-19 pandemic, the pattern was