BNY Mellon: Commodity Cycle Look Strong For Long TermMark Melin
Three factors frame a constructive outlook for a strong commodity cycle, a BNY Mellon report notes. China’s recent reforms, OPEC’s promised production cuts and “the election of Donald Trump have cemented the final stages of the commodity correction,” which provides “likely truncated downside risk.” The report is bullish on commodities, but in particular lithium and cobalt, used in battery manufacturing.
China normalization and production cutbacks will help boost commodity cycle
Since 2009, China engaged in a . . .
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