Trade spats to curb industrial metals demand: BMO
Industrial metals face trade and tariff headwinds next year, BMO says. Credit: AdobeStock
BMO Capital Markets has lowered its demand estimates for next year on the anticipation that higher tariffs and multilateral trade friction could tamp down industrial output.
“There is no getting away from the fact that tariffs are not helpful to the metals and mining sector,” the bank’s metals and mining equity team said in its Dec. 13 commodity outlook for 2025.
“While final structures will not be known until next year...
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