12/28/2020
By Emily Chow
SHANGHAI, Dec 29 (Reuters) - A China-led economic recovery
should boost demand for these commodities in 2021 after COVID-19
roiled global markets in 2020.
COPPER
Iron ore and steel outperformed in 2020 thanks to booming
Chinese construction and manufacturing demand, but base metals
are set to lead all metals in 2021 as vaccine rollouts spur a
global economic recovery.
Copper should rise the most because of its widespread
applications in construction, appliances and power grids, while
aluminium should also gain. Next year, we re more bullish base metals than ferrous.
Base is about the global economy. Ferrous is more reliant on
China s economy via infrastructure construction, said Dong Hao,