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Base Metals Weekly Report: Motilal Oswal

According to Motilal Oswal, CBase metals have been struggling to find clear direction in the last few weeks thanks to macro-market jitters and the bond market tantrum which caused consternation in crossasset markets.

March 23, 2021 / 02:49 PM IST

Motilal Oswal's report on Base Metals Weekly


Base metals have been struggling to find clear direction in the last few weeks thanks to macro-market jitters and the bond market tantrum which caused consternation in crossasset markets. Copper prices were under some pressure midweek from a higher dollar and spiking U.S. Treasury bond yields, but losses were capped by supply worries fuelled by shortages of concentrates.



Outlook


The outlook for the copper market remains strong. Demand from new growth sectors, such as renewable energy and EVs continues to rise.


For all commodities report, click here


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first published: Mar 23, 2021 02:49 pm

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