From oil to copper to coal, China’s gigantic commodities industry is signaling that the first economy to be flattened by the coronavirus is getting closer to a return to normality.

Demand has slowed for a decade, and a surplus was expected this year even before the current crisis.

Argus analysts are forecasting global EV sales of just under 2.1 million units in 2020, a 1.4% drop from 2019.