Commodity prices have not bottomed yet — Goldman Sachs
Unless demand picks up or more miners cut output, prices for raw materials are set to stay low for years, or worse, continue to drop, the investment bank predicts.
Economies reopening coupled with massive stimulus, faster-than-expected vaccine rollouts, and supportive fundamentals all point to even higher prices, said ING Bank.
The pace of the digital transition will impact the intensity in the use of energy, as well as direct demand for metals used in manufacturing, Fitch says.