Metals markets caught in the tailspin of rising corona infection figures in China

The industrial metals markets have been caught in the tailspin of rising corona infection figures in China and the accompanying demand concerns. Since the middle of last week, the LMEX index has already lost 4% again, almost half of the previous gains, in the wake of hopes for an easing of the corona restrictions in China. However, in view of the worsening infection situation, an opening seems unlikely in the foreseeable future, so that a further downward correction seems justified.

Source: Commerzbank Research, Photo: Fotolia