Vedanta to exclude base metals business from sweeping demerger
The group said it will consider the base metals business demerger at a later stage.
Overall commodity returns have been lackluster this year, and face more poor performance in 2018, according to JPMorgan Chase & Co.
To make money, traders will need to pick assets, such as agriculture, and play short-term trends to take advantage of price swings, rather than buying and holding a broad basket of commodities, wrote analysts including John Normand in the bank’s outlook for 2018.
The Bloomberg Commodity Spot Index, a measure of performance that doesn’t account for rolling futures contracts, is up 5 percent in 2017 — trailing returns in global equities
JPMorgan’s forecasts for 2018 include:
Story by Lynn Thomasson
