Easing covid curbs in China good for metals
Mint Mumbai|January 13, 2023
Sentiments have improved significantly and metal prices have been rising
Ujjval Jauhari
Easing covid curbs in China good for metals

The easing of covid norms and support by the Chinese government for its ailing property market have improved investor sentiment towards metal stocks. .Rising consumption and demand in China, the largest consumer of commodities, is expected to drive global demand and prices for metals, analysts said. Sentiments have improved significantly and metal prices have been rising, they added.

"China has started to ease covid policy and support its ailing property sector. We believe the worst-margin quarter for the Indian steel sector, and the big chunk of earnings cuts for Tata Steel and Hindalco are behind," analysts at Jefferies India Pvt. Ltd said in a recent report.

Through 2022, global metal demand outlook had weakened led by the Chinese real estate crisis and covid lockdowns. Also, interest rate tightening measures by central banks worldwide continued to induce recessionary concerns across developed markets.

Denne historien er fra January 13, 2023-utgaven av Mint Mumbai.

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Denne historien er fra January 13, 2023-utgaven av Mint Mumbai.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

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