Commodity Strategy - The Future Of Metals Demand In Charts - NOV 2017
Growth in global metals demand will be weaker over the next five years than that of the previous decade, mainly due to a slowdown in China's construction sector.
China's metals consumption growth will slow, particularly for steel. Although economic growth will remain solid in China over the coming years, the economy will become less steel-intensive.
Outside of China, the outlook is far more positive and we expect strong demand growth from a host of established emerging markets including India, Mexico, Turkey, Vietnam, the Philippines and Indonesia.
|China Will No Longer Set The Pace|
|Select Regions - Consumption Of Steel, Copper And Aluminium, Annual Average Growth, %|
|Source: USGS, World Steel Association, Trade Map, BMI|