Insight
Metals & Mining Snapshot: Focus on demand response
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Wood Mackenzie's metals and mining teams have published their short-term outlooks. This month’s snapshot is a synthesis of the short-term outlooks which our teams released last week. The overriding theme was an improvement in sentiment as positive news came from China about capacity utilisation and most notably, government stimulus. This comes in sharp contrast to ex-China demand, which in many cases is not expected to reach 2019 levels again until 2022 or later. To set the scene, this is what our Beijing-based research analysts summarize as the key elements of the stimulus announcements. We will then outline the impact on mined commodities as well as other takeaways from the latest short-term outlooks.
Table of contents
- Steel: China unbelievable, Europe dreadful and the US will be construction-lead
- Iron ore: China to the rescue
- Metallurgical coal: Weakness continues but expect a solid finish in 2020
- Lead: Industry braces for post-lockdown supply surge
- Copper: Outcomes from the Two Sessions support our copper demand forecast
- Aluminium: Chinese infrastructure and ex-China demand hold the key to recovery
- Zinc: Demand to rebound sharply but huge risks remain
- Nickel: Market to tip back to surplus in 2020
Tables and charts
This report includes the following images and tables:
What's included
This report contains:
Other reports you may be interested in
Insight
Does Australia’s safeguard mechanism matter for Metals and Mining?
In this insight, we explain the inner workings of the Australian Safeguard Mechanism and analyse its impact on each Metals & Mining sector.
$1,050
Insight
The Ripple Effect: How conflict is impacting global metals & mining
The Middle East conflict is cascading through global metals and mining via supply disruptions, soaring input costs, and output losses
$1,050
Insight
Lithium resources: we know where they are, but who owns them?
Asset location and ownership differs. Read the Insight to dive deeper into this theme.
$1,050
