Quarterly Outlook
Fixed Income Outlook: Bonds Hit Reset. A New Equilibrium Emerges
Althea Spinozzi
Head of Fixed Income Strategy
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Trading industrial metals
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Commodities are increasingly popular to invest in. But commodities are a wide range of products that are being used in either consumption or production. Therefore, different commodities are affected by different external factors. To sharpen your research, we've asked our Head of Commodity Strategy, Ole S. Hansen, to outline what factors are most relevant to pay attention to, when diving into the four commodity subgroups, energy, industrial metals, precious metals and agricultural commodities.
Here we look at what mainly affects industrial metals. Industrial metals cover any metal that is being used to produce or build on an industrial scale, like steel, copper, aluminum and zinc. The price of industrial metals is linked to economic growth. If the economy grows, things will be built, increasing the demand for industrial metals. During the past few years, the green transformation drive has been adding an additional layer of demand for many so-called green metals needed in the production of batteries, electrical traction motors, renewable power generation, energy storage and grid upgrades. The supply of these metals depends on mining activity which again depends on cost of production, ore grades, the regulatory environment and climate change.
What to pay attention to, when researching industrial metals:
What to pay attention to, when researching industrial metals:
How to read the graph: The graph indicates, which factors could have the greatest impact on a given type of commodity. The further away from the center the line is, the greater the influence that specific topic has.
Check out any of the other three subgroups:
Note that this should be used only as inspiration and neither should be seen as a recommendation to invest in the asset class, nor should it be used as the only piece of information about whether it fits your investment strategy, portfolio and risk profile. More research is required to make investment decisions.Latest Market Insights
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