Macquarie picked its commodities likely to slump or soar – and lithium got a roasting
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If you’re looking for the commodities that are likely to sink or soar in the coming years, the charts below from Macquarie Bank may be of some interest.
The first shows the expected price movement for a variety of major commodities over the next year.
Macquarie says the main themes over this period will be the nature and detail of any US-Sino trade deal, the types and size of stimulus measures rolled out by Chinese policymakers to support the economy along with the ongoing process of industry reform in China, including to deliver better environmental outcomes.
The second chart takes a longer-term perspective, looking at the expected price move of individual commodities all the way out to 2023.