10:00 AM
A glance through the latest expert views and predictions about commodities: energy & metals, thermal coal; battery minerals; nickel; and alumina
-As mobility improves demand for energy will increase and spending on durable goods will soften
-Gradual decline in thermal coal prices expected, back to cost support by 2023
-Australian producers increasingly favoured for lithium supply
-Rise in nickel demand for stainless production turns market to deficit
-Alumina needs supply disruptions to keep pace with aluminium price
By Eva Brocklehurst
Morgan Stanley assesses the outlook for commodities favours
energy over metals, a reversal of the relative performance since the outbreak of coronavirus. Metals have outperformed energy commodities as energy demand suffered considerably from a decline in mobility.