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.