Currently viewing Global edition

Post-COVID recovery in The West to fuel metals demand: Saxo

Heavy spending on infrastructure and decarbonisation by governments in Europe and the US will continue to drive strong demand for metals in the September quarter, helping to offset a drop in Chinese consumption, Ole Hansen, Saxo Markets’ head of commodity strategy, said on Tuesday.

 Post-COVID recovery in The West to fuel metals demand: Saxo  Post-COVID recovery in The West to fuel metals demand: Saxo  Post-COVID recovery in The West to fuel metals demand: Saxo  Post-COVID recovery in The West to fuel metals demand: Saxo  Post-COVID recovery in The West to fuel metals demand: Saxo

Infrastructure and decarbonisation spending in Europe and the US will drive strong demand for metals in Q3

Commenting in the bank's Q3 outlook, Hansen said while some economists believe the current boom in commodity prices is cyclical - rather than structural - and that demand is now slowing as credit