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Bloomberg reported nickel and palladium are expected to gain on increased buying in China.
Bloomberg reported nickel and palladium are expected to gain on increased buying in China.
As quoted in the market news:
Aluminum, nickel, palladium and gold may benefit from China’s shift toward consumption-driven growth from an economy fueled by investment, while agricultural products are set to lag behind, according to Barclays Capital.
Commodities with so-called strong links to rising living standards and changing tastes such as coffee stand to gain from the transformation, analysts led by Kevin Norrish wrote in a report dated yesterday. The growth in demand for steel, copper and zinc may slow as their intensity of use drops, they said.