According to Jefferies International, there may be surprises, but the overall mood is positive. Meanwhile, UBS and ActivTrades are warning of geopolitical and energy risks in the European market, while China is showing a mixed recovery in demand.
Diversified mining companies, including Eurasian Resources Group (ERG) and Vale, agree that the copper needed for all aspects of electrification will still be in price. Metals are generally performing well, as long-term demand for materials for the energy transition remains.
Source: Metaltorg.ru
