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Saturday, December 21, 2024 | 01:43 AM ISTEN Hindi

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Spurt in economic activity will give boost to base metals market

Budget's likely focus on infrastructure development will result in higher demand for all commodities

Alireza Moghaddam, chairman, AMIDT Group
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Alireza Moghaddam, chairman, AMIDT Group

Alireza Moghaddam
Metals have their own fundamental to consider including the wider geo-political issues and many other con-currents impacting the markets. These include the uncertainty about the Chinese economy, fallout from the Brexit, banks strategies if negative interest rates do not provide the required boost and how markets will react as the new US president takes over. In spite of all these uncertainties metals are choosing to ignore a great deal of it. As metal prices have started to rally, having fallen a long way in recent years, there is still a considerable room for them to recover.

Metal markets in 2017 will

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