2020, a 'gloom, doom and boom' year for metals amid Covid-19 pandemic

The year 2020 is one of those in which industrial commodities like metals and oil have seen extremes, both on the upside and downside. While Covid-19-led lockdowns across the globe destroyed demand in the early part of 2020, a supply cut-driven rally and sharp recovery in the auto sector have emerged as big themes. Domestic demand for these commodities, for instance, has seen a spike from September and is likely to increase further.

T Gnanasekar, founder, Commtrendz Research and Fund Management, said: “2020 was a gloom, doom, and boom year for metals. The year began on a gloomy note as the