China’s September activity and investment data and Q3 GDP suggest that the economy is holding up well. However, both point to weakness in the construction sector, which will weigh on demand for metals. Nonetheless, growth in other metals-intensive sectors is more encouraging and government reforms are starting to curb supply, which should put a floor under prices, at least for now.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.