INDUSTRIAL METALS IN 2021

 

I think we have very good investment opportunities in industrial metals.

Which of these industrial metals ( $COPPER, $NICKEL, $ALUMINUM  $SILVER  ) is best to invest?

Commodities had a tough year and they may rise fast.

I do not think $GOLD will be part of this, though! 

• 1.Will Copper outdo the performance of other commodities in 2021?

According to a White & Case 2021 survey, yes!

 The demand for copper is rising as it is an essential metal in electric vehicles, also it is widely used in Green technologies. 

The Chinees economy is recovering fast which is one of the biggest consumers of industrial metals.

• 2. How Nickel will perform?

I call this the battery metal. Nickel prices reached an all-new high level in February this year before dropping down to under 16000USD levels. Considering overall market recovery and increasing demand for Nickel I expect this to rise as well.

• 3. Aluminum will rise steadily

The next one to follow is Aluminium. Looking at the aluminium importers like Germany, South Korea and the Netherlands make me feel more confident about the future of this metal. Now that importers' economies are recovering, I expect a steady price rise for this.

• 4. Silver will be affected by the vaccine performance!

If investment demand rises, the silver price will increase...

The biggest catalyst for $SILVER and $GOLD will be monetary dilution as these are precious metals and can not be produced by few clicks like Cryptocurrencies and there are many people who are still thinking and supporting the traditional safe havens. 

Happy trading!