Perspectives - metals and mining - Feb 2024

We are delighted to present the 2nd edition of “Perspectives – metals and mining” - an enhancement to the M&M product suite. 2024 has had an inauspicious start with plenty of negative rhetoric, particularly around battery raw materials. The supply-demand mismatch that has developed in nickel, and to a lesser extent in lithium, is necessitating tough decisions, and the response has begun in earnest. Ex-China markets, as is so often the case, are bearing the brunt. The end of the tightening monetary cycle is close but its effects on demand for metals will continue to be felt for some time. However, notwithstanding the risks around multiple political conflicts, there is light at the end of the tunnel in 2024 with an improved economic environment expected later in the year. A deeper view on each commodity can be found within the relevant commodities' Costs, Concentrates and Markets services. Please download the attached slide document to access the complete report.